NEW YORK/LONDON :MSCI'S global equities gauge slipped on Monday while the euro eased after hitting a multi-week high against the dollar earlier in the day as investors digested France's election surprise.In the U.S.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York City, U.S., June 24, 2024. REUTERS/Brendan McDermid/File Photo
Federal Reserve Chair Jerome Powell's appearance in Congress on Tuesday and Wednesday was also being keenly awaited, with the potential to provide clues on the prospects for interest rate cuts by the U.S. central bank. "Investors are positioning as they expect a continuation of this rally for the rest of the year," said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts.
On Friday the S&P notched its third record close in a row. An advance of the tech-heavy Nasdaq on Monday would mark its fifth straight record close. The weaker-than-expected showing for the far right was something of a relief for investors, though they have concerns the left's plans could unwind many of President Emmanuel Macron's pro-market reforms.
U.S. crude lost 0.71 per cent to $82.57 a barrel and Brent fell to $85.99 per barrel, down 0.64 per cent on the day.
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