Stocks Get Lift From Rate Outlook, Dollar Dips: Markets Wrap

European shares edged higher in thin trading after a European Central Bank official signaled policy makers could consider successive rate cuts starting next month. Futures on the Nasdaq 100 climbed 0.4% to a record high with US markets closed.

Carmakers and utilities led a modest advance in the Stoxx Europe 600 index. Turnover was less than half the 20-day average for the time of day, with UK and US markets closed for holidays. American equity futures advanced and a gauge of the dollar dipped.

The ECB shouldn’t rule out lowering borrowing costs at both its June and July meetings, Governing ...