| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3704 Registered: 05-2011 Rating: N/A |
GM KM sirji, World markets off to a strong start The global equity markets are pushing to higher ground to begin the week. S&P Futures are up about 13 points to around the 4451 area. The strength has been steady throughout the session. The market saw its low put in at 4433.50, occurring within the first few minutes of trading. The high was established around the midpoint of the Asian session at 4455.00. In Asia, both China and Japan closed strong with gains of 1.5% and 1.8%, respectively. China benefited from a turn in sentiment after a state official commented how effective China's cross-cyclical macroeconomic policy has been on stabilizing the economy. In Japan, the Nikkei saw a hefty bounce after closing at a seven month low last week. Shipping companies led the way higher with names such as Mitsui O.S.K Lines and Kawasaki Kisen Kaisha rising over 5%. In Europe, the major bourses are in the green. Commodity related stocks are among the best performing groups. Crude oil's rebound of over 3% has helped energy producers BP, Royal Dutch Shell and TotalEnergies rise 1-2%. Likewise, with metals such as silver, copper and platinum up 1-2%, miners like Antofagasta and Glencore are keeping pace with gains of as much as 2%. |