Stocks little changed, pound hits 6-week high

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A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.

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NEW YORK (Reuters) – A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.

The dollar index .DXY fell 0.1%, with the euro EUR= up 0.19% to $1.1048.

Oil prices jumped after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations he would stick with his country’s policy of limiting crude output to support prices.7

U.S. crude CLcv1 rose 2.35% to settle at $57.85 per barrel and Brent LCOcv1 settled at $62.59, up 1.71% on the day.

Additional reporting by Caroline Valetkevitch; Editing by Dan Grebler and Cynthia Osterman


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Author:

A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.

Source: {authorlink}

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