Global Markets - Asia stocks notch records; pound calm after Labour landslide

SINGAPORE, 5th July, 2024 (WAM) -- Asian share markets scaled new highs on Friday as investors sized up U.S. rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections.

Sterling was firm at US$1.2762 as Britain's Labour Party was set for a landslide poll victory that will sweep it to power after 14 years of Conservative rule. Elsewhere, the dollar was slightly