Major global stock market indices closed higher, APA-Economics reports.
In the United States, the Dow Jones index rose by 150.37 points, or 0.29%, to 52,658.64 points, the S&P 500 gained 28.81 points, or 0.38%, to 7,572.40 points, and the NASDAQ Composite advanced by 162.22 points, or 0.62%, to 26,269.23 points. The NYSE Composite increased by 25.93 points, or 0.11%, to 23,872.53 points, while the S&P/TSX Composite climbed by 95.66 points, or 0.27%, to 35,416.20 points.
In Europe, the FTSE 100 fell by 13.47 points, or 0.13%, to 10,515.92 points, the DAX declined by 147.50 points, or 0.59%, to 24,999.53 points, and the FTSE MIB dropped by 81.10 points, or 0.42%, to 19,275.50 points. Meanwhile, the CAC 40 gained 15.58 points, or 0.19%, to 8,382.43 points.
In the Asia-Pacific region, the Nikkei 225 lost 1,690.12 points, or 2.46%, to 67,061.39 points, while the TOPIX fell by 38.68 points, or 0.95%, to 4,049.44 points. The Hang Seng rose by 458.90 points, or 1.86%, to 25,140.00 points. The CSI 300 declined by 43.50 points, or 0.91%, to 4,743.28 points, the S&P/ASX 200 slipped by 18.07 points, or 0.20%, to 8,823.00 points, while the MSCI AC Asia Pacific gained 5.35 points, or 2.00%, to 272.65 points.
According to analysts, stronger demand for risk assets was supported by lower-than-expected U.S. inflation data and optimistic corporate earnings reports. At the same time, profit-taking in Asian markets led to declines in some regional indices.