The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly touched a record high, on investor relief after centrist Emmanuel Macron comfortably won the French presidential election. Earlier the common currency hit a one-year high of 124.58 yen and a five-month high of 1.08865 Swiss franc. Japan's Nikkei gained 2.3 percent to hit a near 1 1/2-year high after a five-day weekend due to the Golden Week holidays. The S&P 500 mini futures gained 0.2 percent to hit a record high of 2,403.75 in early trade before giving up the gains to trade flat. And Fed fund rate futures are pricing in almost a full chance of a Fed rate hike in June.

Source: Egypt Independent May 08, 2017 06:11 UTC