*Fed's Williams says stimulus reduction could start this summer. *U.S. consumer sentiment rises to nearly six-year high.
*Wall Street drops further but Cisco surges on earnings. John Williams, president of the Federal Reserve Bank of San Francisco, also said the Fed could end its bond-buying program late this year, citing "good news" on the outlook for jobs.
NEW YORK, May 16- Global equity markets traded mostly flat and the dollar fell against the euro on Thursday after reports on U.S. housing, labor and regional business conditions pointed to soft spots in the American economy.
LONDON, May 16- Surprisingly weak U.S. housing and labour market data erased the dollar's gains against the euro and the yen on Thursday and pointed to a lower start on Wall Street. The dollar dropped 0.2 percent against the euro to trade at around $1.2908. It had been flat at $1.2884 just before the data.
LONDON, May 14- A pause in the dollar's recent run helped steady oil and gold prices on Tuesday, while large demand for Spanish bonds helped the euro shake off weaker-than-forecast German sentiment data.
Shares in Severn Trent, which is being advised by Rothschild and Citi, were the top gainers on Britain's benchmark FTSE 100 index, rising as much as 18.9 percent to an all-time high of 2,170 pence at one stage. Britain's other two remaining listed water companies Pennon Group and United Utilities also rose by 4.3 percent and 4.1 percent.
*European shares dip from 5- year highs, Wall Street seen soft. LONDON, May 13- The dollar continued to strengthen on Monday, sending oil and gold prices lower, after the Group of Seven backed Japan's efforts to spur growth via aggressive monetary easing.
At 0603 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CAC were flat to up 0.1 percent.
TOKYO, May 13- Oil and gold prices fell on Monday as the dollar strengthened, weighing on Asian shares, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/ 2- year low against the U.S. currency.
LONDON, May 10- The yen made a decisive break through 100 to the dollar to hit a 4-1/ 2 year low on Friday, triggering a rise in safe-haven bond yields and supporting gains in European and Japanese shares which hit new five-year highs.
At 0603 GMT, futures for Euro STOXX 50, for UK's FTSE 100, for Germany's DAX and for France's CAC were up 0.02-0.18 percent.
*MSCI Asia ex- Japan down after recent rally. *Japan investors buying foreign bonds last two weeks. Financial spreadbetters predicted London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open up as much as 0.2 percent.
NEW YORK, May 9- A measure of stocks around the world dipped after setting a fresh 5- year high on Thursday and the U.S. dollar strengthened in the wake of better-than-expected job market data.
*UK central bank seen leaving policy unchanged. Germany's DAX and Britain's FTSE 100 were 0.1 percent lower. Robust German factory activity and China's stronger than expected trade performance have boosted investor sentiment this week with the mood enhanced by data showing strong UK industrial output in March and jobs growth in Australia and New Zealand.
In early European trading the blue chip Euro STOXX 50, Britain's FTSE 100, Germany's DAX and France's CAC-40 FCHI> were 0.1 to 0.8 percent lower. We've seen a bit of stabilisation and positive surprises in the data recently, but we need to careful about reading to much into it, "said Morgan Stanley currency strategist Ian Stannard.
*MSCI world index, FTSEurofirst 300 hit five-year peaks. *China reports stronger-than-forecast April trade data. LONDON, May 8- Strong Chinese trade data and signs that Germany may escape a severe spring slowdown pushed world shares to five-year highs on Wednesday and boosted growth-sensitive currencies and metals.