Investors looking to US inflation numbers on Wednesday for guidance on tapering after strong jobs data last week
Global shares hovered below record highs on Tuesday, while anticipation of tapering by the Federal Reserve kept investors cautious, which drove the dollar to a four-month high versus the euro.
European shares pushed to fresh record highs, with the Stoxx 600 0.2% stronger, extending gains to a seventh straight session, boosted by travel and leisure companies. That followed Friday’s non-farm payroll report showing jobs increased by a larger-than-expected 943,000 in July. After strengthening on Friday and Monday, the dollar index reached a high of 93.02 during Asian trading hours on Tuesday — an 18-day high. Analysts said that the greenback was getting support from strong US bond yields. The benchmark 10-year yield, which recorded its highest level since July 16 on Monday of 1.331%, was last at 1.317%.
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