Ex-FBI chief Comey gives US shares a mod­est push

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US SHARES rose mod­estly and Euro­pean stocks were lit­tle changed yes­ter­day as in­vestors di­gested tes­ti­mony from for­mer FBI di­rec­tor James Comey be­fore a Se­nate panel, while the euro fell af­ter the Euro­pean Cen­tral Bank kept in­ter­est rates on hold and oil prices briefly touched onemonth lows.

Comey told US law­mak­ers in the con­gres­sional hear­ing he had no doubt that Rus­sia had in­ter­fered with the elec­tion but was con­fi­dent that no votes had been al­tered.

In­vestors also await the out­come of the gen­eral elec­tion in Bri­tain as vot­ing be­gan yes­ter­day in a snap vote pre­dicted to give Prime Min­is­ter Theresa May a larger par­lia­men­tary ma­jor­ity.

The FTSEurofirst 300 of top Euro­pean equities briefly hit a three-week low of 1 526.29 af­ter the ECB said sub­dued in­fla­tion meant it would con­tinue to pump more stim­u­lus into the re­gion’s econ­omy. It still judged the euro zone econ­omy to be re­bound­ing and sig­nalled it would not cut in­ter­est rates fur­ther.

MSCI’s all-coun­try world eq­uity in­dex was last down 0.33 points, or 0.07 per­cent, at 467.3.

The Dow Jones In­dus­trial Av­er­age was last up 66.28 points, or 0.31 per­cent, at 21 239.97. The S&P 500 was up 3.87 points, or 0.16 per­cent, at 2,437.01. The Nas­daq Com­pos­ite was up 15.12 points, or 0.24 per­cent, at 6 312.50.

Europe’s broad FTSEurofirst 300 in­dex closed down 0.04 per­cent at 1 528.71.

The euro hit its low­est since May 31 against the US dol­lar of $1.1196 af­ter the ECB an­nounce­ment. The dol­lar in­dex, which mea­sures the green­back against a bas­ket of six ma­jor ri­vals, was last up 0.3 per­cent at 97.016.

The dol­lar’s gains pushed gold prices lower.

Spot gold prices were last down 0.72 per­cent at $1 277.13 an ounce. – Reuters

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