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Morning bid: Stocks surfing new highs, French surprise

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French Election Results,Federal Reserve,Marine Le Pen

Wall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French election results saw the ...

Wall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French election results saw the country's left-wing thwart Marine Le Pen's far right and leave a hung parliament there.

Not only did the far right not gain a majority, but tactical voting pushed them into third place behind the left-wing alliance and President Emmanuel Macron's centrist grouping. Britain's finance minister Rachel Reeves set out plans on Monday to unblock infrastructure projects and private investment under a new "national mission" to drive economic growth.New foreign minister David Lammy also talked about a wanting to "reset" of Britain's relationship with the EU.

China's ailing stocks remained the exception, with mainland stock indexes falling for the fifth straight session. They lost almost 1% on Monday and are now back in the red for the year to date. A report said North Korea may send troops to aid Russia in Ukraine. If true, it would be due to their numbers not effectiveness, experts told BI.House Oversight Committee requests interview, documents from Biden's physician

 

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