MSCI's global equities gauge rose and the dollar fell with U.S. government bond yields on Monday as investors welcomed the incoming U.S. President's selection of fund manager Scott Bessent as the next U.S. Treasury Secretary. Wall Street indexes gained ground, with the S&P 500 and the Dow touching record highs as investors were encouraged by Donald Trump's pick for the top economic job. U.S. Treasury yields fell sharply as investors speculated on a more moderate than feared U.S. fiscal trajectory.