*

Stocks mixed as U.S. Treasury yields rise, dollar flat

*

Euro steadies as France heads for hung parliament

*

Week features US CPI data, Fed's Powell, corporate

earnings

(Updated prices at 1:05 p.m ET/1705 GMT)

By Sinéad Carew and Nell Mackenzie

NEW YORK/LONDON, July 8 (Reuters) - MSCI'S global

equities gauge slipped on Monday while the euro eased after

hitting a multi-week high against the dollar earlier in the day

as investors digested France's election surprise.

In the U.S. Treasury yields rose ahead of key inflation

data and the kickoff of the corporate earnings season.

Federal Reserve Chair Jerome Powell's appearance in Congress

on Tuesday and Wednesday was also being keenly awaited, with the

potential to provide clues on the prospects for interest rate

cuts by the U.S. central bank.

The closely monitored U.S. consumer price report is due

on Thursday. June's inflation rate is expected to slow to 3.1%

year-over-year, from 3.3% in May, and the core measure is

estimated by economists to stay steady at 3.4%.

The week will end with the kick-off of the second-quarter

earnings season with reports from major U.S. banks Citigroup ( C/PN )

, JP Morgan and Well Fargo on Friday.

"Investors are positioning as they expect a continuation of

this rally for the rest of the year," said Bruce Zaro, managing

director at Granite Wealth Management in Plymouth,

Massachusetts.

Investors are also looking for "a continuation of

Powell's recent dovish comments" when he speaks to Congress,

Zaro said.

On Wall Street, at 1:05 p.m. the Dow Jones Industrial

Average fell 70.28 points, or 0.18%, to 39,305.59, the

S&P 500 lost 1.47 points, or 0.03%, to 5,565.72, and the

Nasdaq Composite gained 24.37 points, or 0.13%, to

18,377.12.

On Friday

the S&P notched its third record close in a row. An advance

of the tech-heavy Nasdaq on Monday would mark its fifth straight

record close.

After four closing record's in a row, MSCI's gauge of

stocks across the globe fell 0.27 point, or

0.03%, to 817.32. In

Europe

, the STOXX 600 index fell 0.03%.

On the

currencies

side, the euro eased slightly against the dollar after

earlier touching its highest level since June 12. In France, a

leftist alliance unexpectedly took the top spot in Sunday's

parliamentary runoff election, delivering a setback to Marine Le

Pen's nationalist, euroskeptic National Rally party.

The weaker-than-expected showing for the far right was

something of a relief for investors, though they have concerns

the left's plans could unwind many of President Emmanuel

Macron's pro-market reforms.

The dollar index, which measures the greenback

against a basket of currencies including the yen and the euro,

gained 0.01% at 104.96, with the euro down 0.07% at

$1.0828.

Against the Japanese yen, the dollar strengthened

0.01% to 160.73.

In

Treasuries

, U.S. 10-year yields ticked higher after falling in the

last three sessions with a focus on Powell's appearance before

Congress and inflation data later in the week.

The yield on benchmark U.S. 10-year notes

rose 0.7 basis point to 4.28%, from 4.273% late on Friday.

The 30-year bond yield rose 0.1 basis point

to 4.4703% from 4.469% late on Friday.

The 2-year note yield, which typically moves in

step with interest rate expectations, rose 2.5 basis points to

4.6243%, from 4.599% late on Friday.

In commodity markets, oil futures slipped following

four weeks of gains as supply disruption worries eased on hopes

of a ceasefire deal in Gaza, but the potential impact of

Hurricane Beryl on supplies kept the slide in check.

U.S. crude lost 0.71% to $82.57 a barrel and

Brent fell to $85.99 per barrel, down 0.64% on the day.

In precious metals, gold prices slipped as investors booked

profits after Friday's soft U.S. jobs data pushed prices to a

more than one-month high on hopes the Fed would begin cutting

interest rates in September.

Spot gold lost 1.41% to $2,357.68 an ounce. U.S.

gold futures fell 1.49% to $2,352.90 an ounce.