EUROPEAN stock markets have risen further, building on recent gains on the back of a prolonged US stimulus program, traders say.
London's FTSE 100 index of leading shares on Friday climbed 0.53 per cent to stand at 6,578.34 points approaching midday in the British capital.
Frankfurt's DAX 30 advanced 0.98 per cent to 8,238.46 points and in Paris the CAC 40 gained 0.39 per cent in value to 3,884.24.
Indices had also risen on Thursday after the US Federal Reserve indicated that it was in no rush to end its huge program for stimulating the US economy.
Fed head Ben Bernanke said on Wednesday that the US central bank's stimulus drive would be kept in place "for the foreseeable future".
The news poured cold water on market expectations that the Fed would start to pull back on massive bond-buying later this year, which has sent global equity indices reeling in recent weeks.
"Markets are again nicely in green, still feeling the effects of Bernanke's dovish comments from Wednesday, even though caution over Chinese growth - the world's second-largest economy - has returned to the fore," Gekko Markets trader Anita Paluch said on Friday.
The euro fell to $US1.3042 from $US1.3092 in New York late on Thursday. The US dollar grew to Y99.06 from Y98.90.
The price of gold dropped to $US1,276.16 an ounce from $US1,285 on Thursday on the London Bullion Market.
"A few soothing words on monetary policy by Fed chairman Bernanke was all it took to revive market interest in equity markets," said Derek Halpenny, European head of global markets research at The Bank of Tokyo-Mitsubishi UFJ.
Asian stock markets closed mixed on Friday, with a record-breaking close on Wall Street offset by profit-taking after the previous day's broad gains.
Japan's Nikkei edged higher as traders bought back into the US dollar following Bernanke's comments and after the Dow and S&P 500 surged overnight to new highs on Wall Street.
The Dow rallied 1.11 per cent and the S&P 500 jumped by 1.36 per cent in value on Thursday, while the Nasdaq added 1.63 per cent to end at its highest level since September 2000.
Bernanke's comments came as a surprise, with most economists expecting the bank to begin winding down the easy-money scheme that was introduced in September and has fuelled a rally in global markets.
Anda sedang membaca artikel tentang
European stocks extend gains
Dengan url
https://petualanganseo.blogspot.com/2013/07/european-stocks-extend-gains.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
European stocks extend gains
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar