Stocks surfing new highs, French surprise
Mon, Jul 8, 2024 4:20 PM

Stocks surfing new highs, French surprise

A Flip by Avya Verma
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U.S. stocks start the week at new records ahead of earnings season and Federal Reserve testimony. The dollar weakened after Friday's employment report, fueling hopes for two Fed rate cuts this year. In Europe, French stocks gained 1% and government debt yields eased after the surprise election results. The euro retained gains to three-week highs against the dollar.

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