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World stocks tick up to record high; oil stumbles

Reuters  |  NEW YORK 

NEW YORK (Reuters) - A broad measure of equity markets across the world climbed to a record high on Monday, boosted by gains in Asia, while U.S. and European markets were little changed, with U.S. energy shares weighing on the benchmark S&P 500 index as crude prices fell.Oil prices have been pressured over the past several days after hitting their highest since May last week, as OPEC exports hit a record peak last month and output rose to a 2017 high.Strong economic data globally and healthy corporate earnings in the United States have supported equities, with the Dow industrials closing ...

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First Published: Mon, August 07 2017. 21:38 IST