Nikkei at 8-mth highs, Wall St rally makes markets less edgy over trade

Japan’s Nikkei advanced to fresh eight-month highs led by an upbeat Wall Street performance, with commodity stocks rising as investors appeared to gravitate to the view that the U.S.-China trade row would be less damaging to growth than first feared.

The Nikkei share average gained 0.8 percent to 23,864.04 in midmorning trade, the highest level since January 24. The market eyes another milestone ahead, as the Nikkei edges closer to the 24,129.34 hit on Jan. 23, a break of which will put it at the highest point since November 1991.

For the week, the Nikkei has risen 3.1 percent so far.

Reuters

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Dow, S&P 500 Close at Records as Blue Chips Support Broad-Based Rally

U.S. stocks closed higher Thursday, with both the Dow Jones Industrial Average and the S&P 500 setting records, as strong economic data helped to alleviate concerns over escalating U.S.-China trade tensions. Blue chips helped to fuel the rally, with all but two of the Dow’s 30 components finishing in positive territory.

The Dow gained 251.22 points, or 1%, to 26,656, hitting a record for the first time since January. The S&P advanced 22.80 points, or 0.8%, to 2,930.75, notching its first record since late August.

The Nasdaq Composite Index rose 78.19 points, or 1%, to 8,028.23. The tech-heavy index moved within 1.3% of its all-time high set last month.

Source : Marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

European shares ride trade relief rally

European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood.

The pan-European STOXX 600 closed up 0.7 at 382.630 percent while the leading euro zone stock index scored its ninth straight session of gains, up 1.1 percent, its best performance in two months.

Autos, banking and mining sectors led gains as investors stayed resolutely focused on hopes that the latest shots in the trade war could drive the dispute toward resolution.

Autos gained 1.8 percent, also helped by Kepler Cheuvreux upgrading its recommendation on the sector.

Markets have shrugged off an escalation on Tuesday of the tariff war between the United States and China, focusing rather on the tariff levels being lower than expected and on hopes that the dispute may be nearing an end.

Source: Reuters

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

1 2 3 293