July 27, 2021

GLOBAL MARKETS-Stocks dig in near record highs ahead of U.S. payrolls

* Global shares near record highs

* Markets expect U.S. payroll gains of around 700,000

* Crude flat after delay in OPEC+ meeting

* Dollar perched at 15-month high versus the yen

* Chinese shares under pressure

By Huw Jones

LONDON, July 2 (Reuters) – Stocks held near record highs on Friday as investors waited to see if U.S. payroll figures will alter their bets on when central banks row back on pandemic stimulus and whether inflation is here to stay.

The STOXX index of 600 leading European companies was up 0.5% at 458 points, just over two points below last month’s lifetime high.

Chipmakers were a bright spot, with ASML Holding up 1% after Micron Technology Inc said it plans to start using ASML EUV machines in production in 2024. ASM International rose 1.35% as it forecast higher order intake in the second quarter.

MSCI’s All Country World index was little changed, just below its all-time…

Read full article here: finance.yahoo.com