NEW YORK -A gauge of global equity markets hovered off a record peak on Monday as technology shares took in stride a deal by the world's richest nations on a corporate tax aimed at U.S. tech heavyweights, and oil prices jumped to a two-year high.
Germany's 10-year Bund yield was last up 0.2 basis points at -0.195, near one-month lows hit after Friday's U.S. unemployment report. The jobs data showed a solid pick-up in hiring but not enough to stir fears of an overheated economy that would lead to tighter U.S. monetary policy. "We're getting lower volatility and that's leading to a very difficult market to trade or to get excited about," Moya said of the rangebound equities market.
On Wall Street, the Dow Jones Industrial Average fell 0.39per cent, the S&P 500 lost 0.13per cent and the Nasdaq Composite added 0.37per cent. Euro zone banks were broadly higher as government yields were steady near one-month lows ahead of the ECB meeting on Thursday when policymakers are expected to stick to their dovish policy stance.
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