Premarket: Feel good factor keeps world stocks near record highs, oil jumps GlobeInvestor
This translation has been automatically generated and has not been verified for accuracy.
“The feel-good factor appears to be driven by a number of factors including better than expected economic data, as well as the dialing back of trade tensions between the U.S. and China as the low-hanging fruit of a phase one trade deal was being signed off,” said Michael Hewson, chief market analyst at CMC Markets.
MSCI’s s all-country index is up almost 2.5% for the first three weeks of the year and was holding near record highs on Monday along with Wall Street and European benchmark equity indices.In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan was flat having risen to its highest since June 2018. Japan’s Nikkei added 0.2% to be near its highest in 15 months.
“In 2020 we don’t expect the pace of growth to slow as much as it did last year,” said Mark Haefele, chief investment officer at UBS Global Wealth Management.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSX expected to shatter records in 2020Canada's main stock index is expected to shatter records in 2020 after starting the year up nearly three per cent to date, says an investment expert.
Read more »
Unprecedented snowstorm no match for that famous Newfoundland witN.L. residents spent the weekend digging out from record-breaking snowfall, but many were able to keep their senses of humour shining through the unprecedented blast of winter.
Read more »
This man has spent two months sitting in a barrel 25 metres above the groundVernon Kruger has been sitting in a barrel suspended 25 metres above ground for more than two months in a bid to break the Guinness World Record he set in 1997.
Read more »