85422
New York Stock Exchange
New York Stock Exchange

Global Stocks Follow Wall Street Higher

Global Stocks Follow Wall Street Higher

Most global stock markets followed Wall Street higher on Friday on strong US earnings, as investors watched the inter-Korean summit.
In early trading, Germany’s DAX rose 0.8% to 12,600.90 and France’s CAC 40 added 0.1% to 5,460.95. London’s FTSE 100 edged up 7 points to 7,428.50. On Wall Street, futures for the Standard & Poor’s 500 index fell 0.2% and the future for the Dow Jones industrial average lost 0.3%, AP reported.
In Asia, the Shanghai Composite Index rose 0.2% to 3,082.23 and Tokyo’s Nikkei 225 added 0.7% to 22,467.87. Hong Kong’s Hang Seng advanced 0.9% to 30,280.67 and Seoul’s Kospi was 0.7% higher at 2,492.40. Sydney’s S&P-ASX 200 gained 0.7% to 5,939.60 and India’s Sensex climbed 0.8% to 35,003.46. New Zealand, Taiwan and Southeast Asian markets also rose.
At Wall Street, stocks climbed as Facebook led a rally by technology companies. Amazon, Microsoft, Starbucks and United Parcel Service reported higher first-quarter profits. Strong results from companies including Chipotle Mexican Grill and O’Reilly Automotive helped retailers and other consumer-focused companies. Energy companies also climbed.
The S&P 500 index rose 1% to 2,666.94. The Dow Jones industrial average added 1% to 24,322.34. The technology-heavy Nasdaq composite advanced 1.6% to 7,118.68.
At the Korea summit, Kim Jong-un became the first North Korean leader to visit South Korea since the end of the Korean War in 1953 when he stepped across their heavily armed border for talks Friday with the South’s president, Moon Jae-in, about the North’s nuclear program.
“For good reasons, US markets rose overnight and this change looks set to play into higher Asia Pacific markets into the end of the week,” said Jingyi Pan of IG in a report. “However, eyes remain on key items, including the Bank of Japan and the two Koreas’ meetings alongside a slew of data to keep us occupied.”
Benchmark US crude fell 26 cents to $67.93 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 14 cents on Thursday to close at $68.19. Brent crude, used to price international oils, shed 27 cents to $73.61 per barrel in London. It jumped 65 cents the previous session to $73.88.
The dollar declined to 109.33 yen from Thursday’s 109.29 yen. The euro slipped to $1.208 from $1.210.

 

 

Short URL : https://goo.gl/KMEjCd
  1. https://goo.gl/N8RKRH
  • https://goo.gl/oWRbbJ
  • https://goo.gl/oeH5pL
  • https://goo.gl/z9ZSfH
  • https://goo.gl/TfFsLH

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
International Labor Organization has called for stronger...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus