LONDON, June 20 (Reuters) - A 2.5 percent drop in oil prices to their lowest in seven months dragged stock markets off all-time highs on Tuesday, cooling a recovery in hi-tech shares as central bankers sent cautious signals on the outlook for growth and interest rates. Asian shares were slightly lower Tuesday, erasing initial gains, but Tokyo's benchmark rose, che.
The prospects for France seem to have cushioned the blow from Wall Street's subdued performance on the prior day, as the S&P 500 rose by 0.03% on closing while the NASDAQ Composite declined by 0.22%.
The CAC 40 jumped 1 percent, and Germany's DAX rose 1.1 percent. Britain's FTSE 100 added 0.3 percent to 7,547.11. USA shares were also set to drift higher with Dow and S&P 500 futures both edging up 0.3 percent.
BUYOUT BOOST: PerkinElmer, which sells testing equipment and scientific instruments, jumped $1.59, or 2.5 percent, to $65.16 for one of the largest gains in the S&P 500 after it agreed to buy EUROIMMUN Medical Laboratory Diagnostics of Germany for $1.3 billion in cash. The 20-year yield was last unchanged at 0.560 percent after rising to 0.570 percent earlier in the session. Hong Kong's Hang Seng fell 0.2 percent to 25,863.03, while the Shanghai Composite fell 0.2 percent to 3,137.65.
10 still in critical condition after London fire
He also cautioned there may have been people in the tower that police are not aware of, which would add to the death toll. London Fire Brigade said it had rescued 65 people and that firefighters managed to battle all the way to the top floor.
Tokyo stocks attracted purchases as investors took heart from the dollar's rise above ¥111.50 after William Dudley, president of the U.S. Federal Reserve Bank of NY, on Monday showed confidence in the U.S. economy's outlook, brokers said. By the same token, valuations are full.
CHINA WATCH: Investors are closely watching the MSCI decision on China A-share inclusion to indexes, expected later in the day. Speculation has been growing that MSCI might include Chinese shares in its benchmark.
ENERGY: Benchmark U.S. crude rose 18 cents to $44.92 a barrel. The euro fell to $1.1180 from $1.1195, and the British pound slipped to $1.2767 from $1.2780. Brent crude, the worldwide standard, added 23 cents to $47.60.
The rebound in USA bond yields helped to lift the US dollar, which rose to 111.775 yen, its highest level in more than three weeks. Brent crude, the global standard, rose 11 cents to $47.02 a barrel.