The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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The dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/2-month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected interest rate hike next month.
YouGov poll has Tories holding smaller lead over Labour Party. Friday's session ended with an all-time high for U.K.' s benchmark for blue-chip stocks, as the pound dropped to a one- month low after a poll showed a further narrowing of the ruling Conservative Party's lead before the country's general election. The FTSE 100 rose 0.4% to close at 7,547.63, leaping over its previous closing high of 7,522.03, notched May 16, FactSet data showed.
Trump complains about German car sales in the U.S., Der Spiegel reports. European stocks finished lower Friday, leaving the regional benchmark with a tiny weekly loss, with oil and gas shares pushed down on disappointment stemming from OPEC's agreement to extend production cuts. The Stoxx Europe 600 ended 0.2% lower at 391.35, led by the energy and financial sectors.
Oil prices slowly trended lower on Monday, reversing some of the gains seen ahead of the close in the U.S. on Friday, as the post-OPEC environment continues to develop. Crude futures slumped nearly 5% on Thursday after the production-cut deal led by the Organization of the Petroleum Exporting Countries was extended by nine months but not deepened--disappointing some who anticipated output cuts would increase. Oil, though, finished up nearly 2% Friday thanks to the late U.S. gains.
Slow day, with markets in U.S., U.K. and China closed. Global equity markets had a muted beginning to the week, with holidays set to slow activity world-wide, as investors shrugged off North Korea's latest missile launch. North Korea fired an unidentified projectile within about 320 kilometers of Japan's coastline, marking the third week in a row that it has launched a missile.
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