Dubai - US stocks approached fresh records and the dollar rose with Treasury yields as a spike in private hiring data bolstered optimism in the economy. The pound declined amid political risk before the impending UK election, and crude steadied.
The S&P 500 edged higher as banks rebounded from a selloff and tech shares continued to stretch all-time highs. Eighteen of 19 industry groups on the Stoxx Europe 600 Index advanced, helped by media companies.
The dollar strengthened as companies added more workers to US payrolls in May than forecast, according to data from the ADP Research Institute. West Texas oil trimmed much of its gain, but stayed higher in the wake of data pointing to a bigger-than-expected drop in US stockpiles.