* European shares up as investors look past mixed jobs
* Dollar steady as traders await views of Fed's Yellen
By Herbert Lash
NEW YORK, Feb 10 Global equity markets and the
dollar traded little changed on Monday as investors awaited the
first congressional testimony this week of the Federal Reserve's
new chair after last week's weak January labor market report
left investors skittish.
U.S. stocks traded mixed on the heels of the benchmark S&P
500's best two-day performance in four months late last week,
while a measure of global equity activity and a broad European
stock index rose slightly.
The dollar held steady against major currencies as traders
waited to hear the economic and policy views of Janet Yellen,
the Fed's new chair, who is viewed as an architect of the U.S.
central bank's current ultra-loose monetary policy.
Yellen appears before the Republican-controlled House
Financial Services Committee on Tuesday and the
Democrat-controlled Senate Banking Committee on Thursday.
"It doesn't provide a lot of incentive to move the dollar
out of its current trading range," said Bob Lynch, head of G10
FX strategy at HSBC Bank USA in New York.
The dollar index last traded down 0.1 percent at
80.626, and the greenback was mildly weaker versus the yen at
102.00 yen, down 0.32 percent on the day.
The euro rose 0.09 percent against the dollar at
MSCI's all-country equity index rose 0.09
percent, while the pan-European FTSEurofirst 300 traded
flat at 1,300.00.
The Dow Jones industrial average was off 27.56
points, or 0.17 percent, at 15,766.52. The Standard & Poor's 500
Index was down 2.35 points, or 0.13 percent, at 1,794.67.
The Nasdaq Composite Index was up 10.15 points, or 0.25
percent, at 4,136.01.
"People will be parsing the words, but I'm expecting nothing
out of the ordinary, status quo, steady as she goes," Joe
Saluzzi, co-manager of trading at Themis Trading in Chatham, New
Jersey, said of Yellen's testimony.
Benchmark safe-haven bonds, including U.S. Treasuries
and German Bunds, maintained tight
ranges as investors looked ahead to a string of risk events
later this week.
The benchmark U.S. Treasury 10-year note rose
1/32 in price to yield 2.6711 percent.
Bund futures were down 0.1 percent, at 143.68
Brent crude oil slipped after hitting a five-week high above
$109 a barrel
March Brent crude was down 39 cents at $109.18 a
barrel. U.S. crude rose 39 cents to $100.27, after rising
to $100.46, a 2014 high.