Nasdaq and USD hit fresh highs overnight
Nasdaq and USD hit fresh highs overnight. U.S. stock prices rose on Monday, with the Nasdaq composite touching the 5,000-point mark for the first time in 15 years, while the dollar hit an 11-year high on expectations the Federal Reserve might raise interest rates later this year. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom sector. Brent crude futures fell more than 3 percent in London to below $61 a barrel after Iran said a deal on its nuclear program could be reached this week if the West lifts sanctions, which could boost the country's oil exports. Gold slipped from two-week highs as investors cashed in gains tied to upbeat Asian demand. Expectations the U.S. central bank might end its near-zero interest rate policy as early as this summer remained despite data suggesting the world's biggest economy was losing some momentum. Fuu report: (VIEW LINK)
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