Bulletin

Equity bulls dismiss firmer dollar and further retreat in oil prices

data

Global stock markets started the holiday-shortened week on a positive note yesterday, with equity bulls shrugging off the firmer tone of the dollar and a renewed retreat for oil prices. Hopes of further stimulus measures in China offered support, along with optimism that any US interest rate increases would be gradual. By midday in New York, the S&P 500 was up 1.1% at 2,082, recouping some of last week's 2.3% decline, as a fresh burst of M&A activity helped lift biotechnology stocks. Across the Atlantic, the FTSE Eurofirst 300 index rose 1.2%, led by the technology and carmaking sectors, while the Xetra Dax in Frankfurt rose 1.8% to retake the 12,000 level. In Tokyo the Nikkei 225 rose 0.7% per cent, while the Shanghai Composite added 2.6% to reach its highest in seven years.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?