Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Markets

News : Markets

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

Global Stocks Continue to Push Higher

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2018 | 09:48am CEST
By Kenan Machado and Mike Bird 

Global equity markets extended recent gains Wednesday, with European and Asian stocks tracing the tech-driven advances taking U.S. stocks to fresh records.

As European markets opened, the Stoxx Europe 600 index rose by another 0.4%, with a 0.7% rise in European technology sector.

U.S. equity futures continued to rise, with the S&P 500 and Dow Jones Industrial Average up by 0.1% and 0.2% respectively.

A surge in tech stocks sent the Nasdaq Composite index above 7,000 for the first time on Tuesday.

The U.S. dollar steadied after falling for a seventh-straight session, according to the WSJ Dollar Index, rising 0.1% against a basket of international currencies. But the greenback remains near its lowest levels in over three months.

The euro dipped 0.2% to $1.204 in early European trading, after hitting its highest New York closing price in three years Tuesday. Some investors expect the euro to continue strengthening on the back of unexpectedly strong economic conditions.

"Europe continues to enjoy the most important growth acceleration that we've seen in over a decade," said Alessio DeLongis, portfolio manager at OppenheimerFunds.

"We think it's an environment that's conducive to inflows into Europe, into equities particularly, and therefore into the euro," he added.

Leading Asia-Pacific equities Wednesday morning was China, where stocks outside of the biggest companies badly lagged behind 2017's global rally. The country's Shenzhen A-share index was up by around 0.8% as trading began in Europe.

Hong Kong's Hang Seng Index was up 0.1% after having earlier touched a fresh 10-year intraday high.

Japanese markets open for their first 2018 day of trading on Thursday.

Overall, investors appear to be seeking value in Asian stocks, according to an analysis by Instinet, with increased buying of companies with low price-to-earnings multiples. On that basis, the region's equities are generally cheaper than in Europe or the U.S.

The Taiex in Taiwan, where many Apple suppliers are based, climbed 0.9% to hit a fresh five-week high. South Korean giant Samsung Electronics rose 1.2%, helping the benchmark Kospi gain 0.3%.

Fresh intraday records were seen Wednesday in New Zealand, Thailand and the Philippines--the latter two strengthening 1% and 2% respectively.

Bitcoin has maintained its overnight rebound to $15,000, according to price data from CoinDesk, fueled by Silicon Valley venture-capital firm Founders Fund making a big bullish bet on the cryptocurrency. It briefly fell below $13,000 in Asian trading Tuesday.

Write to Kenan Machado at [email protected] and Mike Bird at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.32% 25199.29 Delayed Quote.1.62%
HANG SENG -0.21% 28122.75 Real-time Quote.-4.68%
KOSPI COMPOSITE INDEX -0.39% 2287.96 Real-time Quote.-6.51%
NASDAQ 100 -0.19% 7390.1259 Delayed Quote.15.31%
NASDAQ COMP. -0.01% 7854.4436 Delayed Quote.13.36%
S&P 500 0.22% 2815.62 Real-time Quote.4.67%
US DOLLAR INDEX 0.11% 95.05 End-of-day quote.3.48%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Markets"
04:13pTSX falls 0.25 percent as energy weighs
RE
04:05pWALL STREET STOCK EXCHANGE : S&P 500 climbs to five-month high as financials and industrials rise
RE
03:22pWALL STREET STOCK EXCHANGE : Oil rises on bullish demand signals, even as U.S. stockpiles grow
RE
02:42pMARKET SNAPSHOT: Dow, S&P 500 Retain Foothold In Positive Territory After Beige Book
DJ
02:38pWorld stocks hit month peak; dollar firms to three-week high
RE
02:25pWorld stocks hit month peak; dollar firms to three-week high
RE
01:08pLONDON STOCK EXCHANGE : Sterling slide boosts FTSE while results drive Smiths Group down
RE
01:02pEUROPE MARKETS: European Stocks Close At Highest Level In More Than A Month
DJ
12:46pLONDON MARKETS: FTSE 100 Logs Back-to-back Rise As Inflation Data Sow Doubt Over August Rate Hike
DJ
08:15aWALL STREET STOCK EXCHANGE : S&P 500, Nasdaq Futures -- Technical Analysis
DJ
Latest news "Markets"
Advertisement