GLOBAL MARKETS-Euro rallies, weak dollar lifts oil; stocks slip - News Summed Up

GLOBAL MARKETS-Euro rallies, weak dollar lifts oil; stocks slip


The dollar weakened further and stocks fell after a planned U.S. Senate vote on a healthcare revamp bill was postponed, while Federal Reserve Chair Janet Yellen said asset valuations are somewhat rich. The dollar index fell 1.09 percent, with the euro up 1.5 percent to $1.1347. The dollar weakness helped boost crude futures prices, though the backdrop of a long-standing supply glut kept gains in check. On Wall Street, bank stocks helped limit losses in technology shares, which extended after the healthcare vote delay. Emerging market stocks lost 0.38 percent.


Source: dna June 27, 2017 19:30 UTC



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