© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon
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By Herbert Lash
NEW YORK (Reuters) – A gauge of global stocks skidded on Monday, pulled lower by technology shares, as U.S. Treasury yields marched higher ahead of inflation data that could prompt the Federal Reserve to tighten policy enough to slow a rebounding economy.
The euro rose against the dollar and was set to snap a seven-day losing streak as the single currency rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in France’s first round of presidential voting.
But the dollar held below two-year highs against a basket of currencies and strengthened against the Japanese yen, up almost 1%, and versus the commodity currencies – the Canadian, Australian and New Zealand dollars.
The…
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2022-04-11 11:15:00
