*GLOBAL STOCKS EDGE HIGHER AS MARKET BRACES FOR FED RATE HIKE, BUSY WEEK OF EARNINGS -
© Reuters. FILE PHOTO: People walk past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China July 19, 2022. REUTERS/Lam YikLONDON - Stocks reversed early losses to rise on Monday, as investors hoped a batch of corporate earnings this week would boost sentiment and offset more signs of an economic slowdown before the Federal Reserve's two-day policy meeting.
A widely watched survey showed German business morale falling more than expected in July as high energy prices and looming gas shortages push Europe's largest economy towards a recession. U.S. business activity contracted for the first time in nearly two years amid persistently heated inflation and rapidly rising rates, according to another survey on Friday.
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