Global Stocks Continue to Surge
Global Stocks continue to get better on Friday as investors expect that the Federal Reserve will refrain from increasing interest rates this year.
Stoxx Europe 600 ended rather strongly with a 0.5% increase on the Wall Street exchange. S&P 500 depicted a steady start on Friday.
Asian Stocks showed an increase with Japan’s Nikkei Stock increasing by 1.1% which is its highest in this month. Shanghai Composite Index rose by 1.6% and Hang Seng Index showed a 0.5% increase after investors expect a growth in China’s sales figures which will be released on Monday.
U.S. indexes also closed higher on Thursday after a dull economic data indicated that Fed would not increase interest rates this year! The economic date stated that consumer prices in the U.S fell by 0.2% on Thursday in September, manufacturing date was also feeble and similarly the employment data hit the rock bottom as well. William Dudley, President of FED, New York has said that “The earnings season is going pretty well. With the Fed now likely to not increase rates until next year, that has brightened the mood,”
Amongst other shares, Carrefour climbed up by 4% after it exhibited a rise in sales for the third quarter and Glencore shot by 3.8%.