Dow Set For Best Week Since July

U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory.

The Dow Jones Industrial Average rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.

Source : Market Watch

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China stocks higher at close of trade; Shanghai Composite up 2.50%

China stocks were higher after the close on Friday, as gains in the Travel & Leisure, Real Estate Investments & Services and Banking sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 2.50% to hit a new 1-month high, while the SZSE Component index climbed 2.13%.

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European stocks open higher as trade fears ease; Smiths Group falls 9%

European stocks opened higher Thursday as investors shrugged off worries over the U.S.-China trade dispute.

The pan-European Stoxx 600 edged up 0.4 percent, with all sectors in positive territory. Among the bourses, Italy’s FTSE MIB led the upward charge, over 0.8 percent higher.

In dealmaking news, ride-hailing firm Uber is reportedly in early discussions to buy food delivery upstart Deliveroo for several billion dollars. Bloomberg, citing people familiar with the plans, said any offer would need to be considerably higher than Deliveroo’s last reported valuation of more than $ 2 billion. Shares of listed competitors Just Eat and Delivery Hero fell on the news, down 6.5 percent and 1.9 percent respectively.

Source : CNBC

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