Global stock index rises slightly while euro falls, yields up
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MSCI's global equities index edged higher while the euro fell after French President Emmanuel Macron called a snap election. U.S. Treasury yields rose as investors digested labor market data and looked toward consumer price data and a Federal Reserve policy announcement. European stocks slipped due to political uncertainty in France. The euro fell to a one-month low against the dollar. The Dow Jones Industrial Average, S&P 500, and Nasdaq composite marked record closing highs. Investors are eagerly awaiting U.S. consumer price index (CPI) inflation data and the Fed's next policy decision. U.S. Treasury yields rose, reflecting higher rate expectations. The dollar strengthened against the euro and the Japanese yen. Oil prices rose to a one-week high, while gold prices rebounded.
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