Positive US consumer data drove up European stocks, while Asian shares almost reached a five-year high and the yen made a marked comeback.
Russian markets slightly eased Friday, after low crude prices
took their toll on last week’s equities. After dropping nearly 4
percent over the past week, the MICEX slightly recovered and gained
0.16 percent to 1404.04, a four-day high. The RTS gained to 0.21
percent, up 2.98 on Asian floors.
The rouble strengthened slightly weakened against the dollar,
closing at 31.44, down 0.13 percent.
European bourses closed high on Friday after disappointing data
sparked speculation of further rate cuts by the European Central
Bank.
All European indices are trading up on Asian floors, after the
release of Friday’s US Consumer Report boosted market confidence
The Euro Stoxx has climbed 0.40 percent to 2817.99, France’s CAC 40
gained 0.56 percent to 4001.27 and Germany’s DAX is up 0.34 percent
at 8,398.00, continuing there nine-day gain
streak.
The FTSE 100 added 35.26 points, or 0.5 percent, to 6,723.06 at
the close in London, the highest since October 2007. The FTSE
All-Share Index gained 0.6 percent Friday, marking 12 days of
advance, its longest positive streak since 1987. The UK is to
release private sector data on house price inflation on Monday.
US markets climbed to a five-year high on the positive consumer
confidence reports conducted by the University of Michigan, which
reported a six-year high in consumer sentiment. The Dow Jones added
0.80 percent and closed at 15,354.40, and the S&P soared 1.03
percent to close at 1650.47.
Asian stocks climbed and almost reached a five-year high on
Monday, snapping out of a two-day slump. The Nikkei 225 is up 1.35
percent, the Hong Kong Hang Seng index is up 1.57 percent after a
bank holiday, and the Shanghai Composite is trading up 0.71
percent. The yen rebounded from its lowest level since October
2008.
Australia’s S&P/ASX 200 Index added 0.60 percent and the
NZSE index is slightly easing, up 0.03 percent.
Oil is slightly down on Monday’s Asian markets, but has fared
better than the industrial metals, which took a big hit. Silver hit
its lowest price since 2010 and gold dropped for its eighth
straight day.
WTI dropped 0.24 percent to 95.79 and Brent dropped 0.06 percent
to 104.58.
This article originally appeared on : RT