Trading in Europe started with rate increases across various stock exchanges. The Dax strengthened by 0.4%, Potsy added 0.7%, and jackdaw increased by 0.3%. Similar increases were seen in stock exchanges in Spain, Italy, Switzerland, Portugal, Belgium, Sweden, and Russia. Louis Vuitton saw a climb of 1.3%, Airbus weakened by 2.5%, and Deutsche Bank advanced by 1.1%.
In Asia, most stock markets closed higher with the Nikkei index adding 0.8%, the Shanghai index strengthening by 1.2%, the Shenzhen index rising by 2.2%, and Kospi adding 1%. The Hang Seng index in Hong Kong was up by 2%. The positive trend continued in Asia with the Hang Seng index jumping by 2.5%, Kospi advancing by 1.1%, the Shenzhen index adding 2%, and the Shanghai index rising by 1.2%. Bitcoin added 0.2% while Ethereum weakened by 0.4%.
In Asia this morning, the Nikkei index climbed by 1.1%, the Shanghai index added 0.8%, the Shenzhen index strengthened by 1.5%, Hang Seng jumped by 2.1%, and the Kospi index advanced by 1.2%. Companies like Canon saw a jump of 3.5%, Nikon lost 1.5%, and Samsung stock advanced by 0.8%.
US index futures were trading higher this morning with Nasdaq contracts up 1.1%, S&P 500 contracts up 0.8%, and Dow Jones contracts up 0.1%. Wall Street closed with falling rates the previous day, with Microsoft, Alphabet (Google), and Intel releasing their financial statements. Microsoft reported revenue and earnings per share that beat expectations, causing their stock to climb 4.3% in late trading. Alphabet reported revenues above expectations and announced a dividend for the first time, with their stock jumping 11% in late trading. Intel missed forecasts, leading to an 8% drop in their shares in late trading.
Later today, the core PCE index will be published in the US, providing insights into the timing of an interest rate cut by the Federal Reserve. The Globes system emphasizes diverse and respectful discourse, filtering out inappropriate content automatically.