The week opened on a strong note in Asia, as investors applauded Friday’s upbeat jobs report from the US. The Nikkei jumped 2% to 8726, the Kospi rallied 2% to 1886, and the ASX 200 gained 1.2% to 4273. Rio Tinto shares jumped 4.1%, thanks to gains in base metals. The Hang Seng climbed 1.7% to 19999, and the Shanghai Composite rose 1% to 2155.
European markets gained as well, extending Friday’s rally. The CAC40 and DAX both advanced .8%, while the FTSE rose .4% to 5809. Spain’s IBEX soared 4.4% amid hopes that the ECB will begin buying bonds to relieve the onerous borrowing costs facing Spain and Italy.
US stocks tacked on gains as well, led by tech shares. The Dow ticked up 21 points to 13118, the Nasdaq climbed .7% to 2990, and the S&P 500 edged up .2% to 1394.
Currencies
The US Dollar traded mixed on Monday following Friday’s steep slide. The Pound slid .2% to 1.5604, while the Euro edged up .1% to 1.2402. The Yen advanced .4% to 78.23, and the Swiss Franc gained .2% to .9688.
Economic Outlook
Tuesday’s sole report will be consumer credit, which is expected to rise by $11.5 billion.
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Global Equities Rise For A Second Day
Published 08/07/2012, 05:48 AM
Updated 05/14/2017, 06:45 AM
Global Equities Rise For A Second Day
Equities
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