Global stocks rise lead by Wall Street; sterling slides

NEW YORK (Reuters) - World share markets rose on Monday, led by a rebound on Wall Street, even as rising COVID-19 cases threaten to stall the recovery of the world's largest economy.Contracts to buy U.S. previously owned homes rose by the highest percentage on record in May. But they remained below their February level and were down compared with May 2019, which also kept alive expectations for even more economic stimulus.Confirmed COVID-19 cases worldwide rose past 10 million and deaths..