Global stocks, sterling rally on stimulus hopes (News: 12/07/16)

Posted On 12 Jul 2016

By : Alpari

Comment: 0

Tag: GBP, Global Stocks

Today’s Press

S&P 500, Dow on pace to hit a fresh record as stocks open higher

U.S. stocks opened higher on Tuesday with the S&P 500 and Dow industrials trading in record territory. A jump in oil prices benefited energy companies, which were leading the winners in early trade. A stronger-than-expected second-quarter report from Alcoa Inc. also fostered optimism on Wall Street. The S&P 500 , which closed at a fresh record for the first time in nearly 14 months on Monday, was up 12 points, or 0.5%, at 2,149. The Dow Jones Industrial Average added 91 points, or 0.5%, to 18,316, trading above its closing record set in May 2015 and near its intraday record. The Nasdaq Composite advanced 31 points, or 0.6% trading above 5,000 for the first time this year.
Global stocks, sterling rally on stimulus hopes

European shares were on track for a fourth straight day of gains and the yen broke below its post-Brexit low on Tuesday as easing political tensions in Britain, stimulus hopes and a record high close for U.S. stocks boosted risk appetite.
Mark Carney agrees to release notes on George Osborne talks

The governor of the Bank of England has reluctantly agreed to release notes of private conversations in the run-up to the UK”s vote to leave the EU between him and George Osborne, chancellor, to a parliamentary select committee for scrutiny.

Next Trading Day’s Important Events

17:00 (GMT+3) BoC Interest Rate

Forex Quotes:

USDJPY: 104.56
EURUSD: 1.1094

Indices:

S&P 500: 2,151.65
NASDAQ : 5,026.27

Source:: Global stocks, sterling rally on stimulus hopes (News: 12/07/16)

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