All three main indices advance
US major stock indices ended higher on Monday supported by positive earnings results and tax cuts hopes. The dollar strengthened as euro slid on German coalition talks collapse: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.4% to 94.046. S&P 500 closed 0.1% higher settling at 2582.14 led by telecom and technology shares. The Dow Jones industrial average rose 0.3% to 23430.33. The NASDAQ Composite index added 0.1% to 6790.71.
European markets rise despite German coalition talks collapse
European stocks rebounded on Monday in choppy trade erasing earlier losses after German coalition talks collapsed Sunday. The euro fell against the dollar while British Pound extended gains. The Stoxx Europe 600 index ended 0.7% higher. The DAX 30 rose 0.5% to 13058.66. France’s CAC 40 gained 0.4% and UK’s FTSE 100 added 0.1% to 7389.46. Indices opened lower today.
Technology stocks lead Asian indices higher
Asian stock indices are rising today led by technology shares after an upbeat Wall Street session overnight. Nikkei closed 0.7% higher at 22425.00 helped by a weaker yen against the dollar. Chinese stocks are rising led by messaging and gaming giant Tencent, up 1.8%: the Shanghai Composite Index is 0.6% higher and Hong Kong’s Hang Seng Index is up 1.3%. Australia’s All Ordinaries Index is 0.3% higher as Australian dollar hit a five-month low against the US dollar after central bank meeting minutes.
Oil edges higher
Oil futures prices are inching higher today. Prices fell Monday as traders were in wait and see mode ahead of the OPEC November 30 meeting. January Brent crude lost 0.8% settling at $56.42 a barrel on Monday.