By Herbert Lash

NEW YORK (Reuters) - A gauge of global equity markets closed at a record high on Monday as technology shares took in stride a deal by the world's richest nations on a corporate tax aimed at U.S. tech heavyweights, and oil prices jumped to a two-year high.

MSCI's all-country world equity index gained 0.1%, marking its sixth record close in seven days, as stocks advanced on expectations of an economic rebound from the coronavirus pandemic.

Oil climbed above $72 a barrel, extending this year's rally built on rising recovery demand and supply curbs from the Organization of the Petroleum Exporting Countries and its allies, before giving up the gains as investors took profits.

U.S. Treasury and euro zone government bond yields edged up in largely subdued trade ahead of a European Central Bank meeting on Thursday, the same day highly-anticipated U.S. inflation data will be released.

The 10-year U.S. Treasury note rose 0.1 basis point to yield 1.5704%, at the bottom of a two-month range.

Germany's 10-year Bund yield rose 0.2 basis point to -0.195, near one-month lows hit after the U.S. unemployment report on Friday. The data showed a solid pickup in hiring, but not enough to stir fears of an overheated economy that could lead to tighter U.S. monetary policy via higher interest rates.

The big tech firms, in the crosshairs of the G7 agreement on Saturday that seeks a minimum global corporate tax rate of at least 15%, can expect slightly more predictability in their future tax obligations, said Christopher Smart, chief global strategist at Barings.

A period of unilateral taxes and punitive tariffs from both the United States and European Union has been avoided for the moment, Smart added.

On the political front, the agenda of U.S. President Joe Biden may struggle if he is unable to change the filibuster rule in the Senate, said Ed Moya, senior market analyst at OANDA in New York.

"We're getting lower volatility and that's leading to a very difficult market to trade or to get excited about," Moya said of the rangebound equities market.

"The market is going to have to wait a few months to get some clarity on the labor market recovery and whether these pricing pressures will be persistent," he said, referring to spiking U.S. inflation likely to be seen on Thursday.

MSCI's ACWI index, a global benchmark for equity performance in 50 countries, closed at 717.00. The index is heavily weighted to the U.S. tech behemoths, half of which rose while the others fell.

Microsoft Corp rose 1.2%, Facebook Inc rose 1.9% and Apple Inc eked out a 0.008% gain after being in the red most of the day. Amazon.com Inc slipped 0.3%.