Will global markets hit new records amid stimulus hopes?

Question

Accepted Answer

Global Equity Markets Reach New Record Highs Amid Stimulus Expectations

Global equity markets achieved a new record high yesterday, driven by investor anticipation of further stimulus from Washington and optimism surrounding economic recovery. These factors also contributed to a surge in crude oil prices, bringing them close to US$60 per barrel. MSCI's all-country world index saw a 0.62 per cent increase, concluding its strongest week in three months with a total gain of 4.35 per cent.
US Equities Achieve New Milestones

The Nasdaq Composite and the S&P 500 both reached unprecedented levels. This upward momentum was bolstered by stronger-than-anticipated corporate earnings reports for the fourth quarter and projections of earnings growth for the first quarter. Specifically, the Dow Jones Industrial Average advanced by 0.3 per cent, the Nasdaq Composite increased by 0.57 per cent, and the S&P 500 gained 0.39 per cent. Major technology companies, including Amazon.com Inc and Alphabet Inc, played a significant role in leading these gains.
European Markets Show Weekly Strength

In Europe, the STOXX 600 index, a broad measure of European stocks, recorded its best weekly performance since November, rising by 3.5 per cent. While yesterday's session showed little change, the overall sentiment for the week was positive, despite some cooling from disappointing US jobs data and a decline in German industrial orders. Germany's DAX index experienced a slight dip of 0.03 per cent, while France's CAC 40 index closed at a two-week high with a 0.9 per cent increase.
Oil Prices and Gold See Gains

Crude oil prices reached their highest point in a year, surpassing US$59 per barrel. This rise was supported by expectations of a faster economic recovery and ongoing supply management efforts by OPEC and its allies. Brent crude futures settled at US$59.34 a barrel, a 50-cent increase, while US crude futures closed at US$56.85 a barrel, up by 62 cents. Gold also experienced an increase, with US gold futures settling 1.2 per cent higher at US$1,813 an ounce, coinciding with a slight retreat in the US dollar.

Reading history

Hide →

This history is cleared when the page is closed.

Will global markets hit new records amid stimulus hopes?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends