Squawk Box

The dollar rose to its highest level in two weeks on Thursday over optimism the United States would successfully push through tax reforms, while world shares rebounded after two straight days of losses.

World stock markets wavered just below recent record highs while U.S. Treasury yields held near multi-month peaks on Thursday as the final procedural throes of long-awaited U.S. tax reform played out in Washington.

European shares fell on Monday as investors remained cautious ahead of an expected Fed rate hike, while earnings and M&A took center stage with software company Micro Focus sinking and a bid for Hammerson boosting commercial real estate stocks.

Bank of Japan board member Hitoshi Suzuki said there is room to debate a fine-tuning of the central bank’s yield curve control (YCC) policy, the Mainichi paper reported, signaling the chance it may raise interest rates before inflation hits its target.