Stocks hover near record highs, oil hits two-year high

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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 ...

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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Stocks pinned near record highs as markets digest US jobs data, global tax dealWorld shares were rangebound and trading just off record highs on Monday as markets digested Friday's disappointing U.S. jobs report and a global ...
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