Major global stock indices posted mostly positive performance, APA-Economics reports.
In the United States, the Dow Jones index rose by 90.94 points, or 0.18%, to 51,267.90 points, while the S&P 500 gained 51.23 points, or 0.66%, to 7,773.95 points. The Nasdaq Composite climbed 286.45 points, or 1.05%, to 27,477.31 points, closing at a record high. The NYSE Composite increased by 0.57% to 23,788.62 points, while Canada’s S&P/TSX Composite edged up 0.04% to 35,518.55 points.
In Europe, markets showed mixed but mostly positive dynamics. The Euro Stoxx 50 rose by 0.06% to 6,242.14 points, the UK’s FTSE 100 gained 0.34% to 10,497.94 points, and Germany’s DAX increased by 0.09% to 25,254.21 points. Spain’s IBEX 35 rose by 1.12% to 19,299.70 points. France’s CAC 40, however, fell by 0.80% to 7,834.10 points.
Mostly gains were also recorded in the Asia-Pacific region. Japan’s Nikkei 225 increased by 0.51% to 70,306.71 points, while the TOPIX rose by 0.58% to 4,169.17 points. Hong Kong’s Hang Seng index gained 0.75% to 24,220.35 points, while Australia’s S&P/ASX 200 climbed 0.62% to 8,740.20 points. The latest figure for China’s CSI 300 index dates to September 30, as mainland Chinese markets are closed for the National Day holiday.
The gains in global markets were mainly supported by a reduced likelihood of another Federal Reserve interest rate hike in October following weak US labor market data, lower oil prices, and strong buying in technology stocks. Gains in Nvidia and Microsoft shares pushed the Nasdaq Composite to a record high.
In Europe, bank and mining stocks supported the market, although concerns over France’s budget and debt burden weighed on the CAC 40. In Asia, the technology rally in the United States and easing concerns over the Federal Reserve strengthened positive sentiment.