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EUROPEAN SHARES SEEN UP ON HOPES FOR LOW RATES, UK ELECTION
IN FOCUS (0545 GMT)
Europeans stocks are seen on the rise mirroring Asian
stocks, which rose amid speculation that interest rates will
remain low due to receding inflationary pressure, while the
pound shoots up after Boris Johnson emerged stronger from local
elections.
Sterling is at its highest in more than two months
against the dollar after local elections, but worries about
Scottish independence could curb sterling's gains.
Scottish leader Nicola Sturgeon told PM Johnson that another
referendum on independence was inevitable after her party won a
resounding election victory.
In the meantime, Sadiq Khan from Britain's opposition Labour
Party was re-elected Mayor of London on Saturday, comfortably
defeating Shaun Bailey from Prime Minister Boris Johnson's
Conservative Party.
Oil and gas prices jumped after a cyber attack on a U.S.
pipeline operator unnerved markets.
U.S. nonfarm payrolls data on Friday showed jobs growth
unexpectedly slowed in April, which gave equities a lift.
(Joice Alves)
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