Shares advanced on Monday in Europe, with the benchmark in Paris up 2.8% briefly after the far-right National Rally gained a strong lead in first-round legislative elections. Other European markets opened higher, while most Asian markets also gained. The euro rose, climbing to $1.0771 from $1.0744 as polling agencies suggested the National Rally might win a majority in the lower house of parliament.
Wall Street looks set to start the new week and quarter on a positive note ahead of Friday’s crucial payrolls report. Meta Platforms could face EU charge, and Boeing finally completes its purchase of Spirit Aerospace. U.S. stock futures edged higher Monday, at the start of a holiday-shortened week which culminates with Friday’s widely-watched nonfarm payrolls report.
The latest employment data and the minutes from the Federal Reserve’s June 11-12 meeting will be the economic highlights of a shortened work week.