LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Global Markets: Hopes for U.S.-China trade, soft Brexit boost shares

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Apr 04, 2019
12:00 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

World stocks rose for a fifth session on Wednesday amid optimism over U.S.-China trade talks and for a softer British exit from the European Union, while oil prices retreated after an unexpected rise in inventories.

U.S. stocks climbed in early trading after White House economic adviser Larry Kudlow said on Tuesday China and the United States expect to make more headway in trade talks this week. In addition, the Financial Times reported the two sides were drawing closer to a deal.

Still, U.S. economic data kept gains on Wall Street in check, as a gauge of the labor market showed private employers added fewer jobs than anticipated in March while a separate report showed services sector activity slowed to a more than 1-1/2-year low, highlighting a loss of momentum in the economy.

"The market has been anticipating positives there for a while now; there are some positives built in here, but we can get some further upside in the market depending on the magnitude of this particular agreement," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St. Louis, Missouri.

The Dow Jones Industrial Average rose 4.79 points, or 0.02%, to 26,183.92, the S&P 500 gained 6.28 points, or 0.22%, to 2,873.52 and the Nasdaq Composite added 48.44 points, or 0.62%, to 7,897.13.

MSCI`s gauge of stocks across the globe gained 0.74%.

Aside from trade optimism, European shares were lifted by data out of China that showed activity in its services sector hit a 14-month high and the latest plan by British Prime Minister Theresa May to reach a deal on Brexit. In addition, euro zone retail sales were better than expected in February.

"As far as China and the Euro zone, the market just wants stabilization," said Wren.

With a fourth straight day of gains, European stocks closed at an eight-month high. The pan-European STOXX 600 index rose 1.01%.

Britain`s May was set to seek a Brexit compromise with opposition leader Jeremy Corbyn, a bet that could see a European Union divorce deal finally clear parliament but also rip her party apart.

Sterling climbed on the hopes for a Brexit solution while the trade optimism bolstered risk appetite and sent the euro higher against the dollar.

The dollar index, tracking the unit against six major currencies, fell 0.33%, with the euro up 0.39% to $1.1246. Sterling was last trading at $1.3155, up 0.21% on the day.

Signs of progress in U.S.-China trade talks and decent Chinese and U.S. factory activity data in recent days has boosted sentiment and help world recession fears to recede. On Friday, investors will look at the monthly payrolls report for a fresh economic catalyst.

Generally strong world stocks and hopes of a softer Brexit sparked a sell-off in safe-haven government bonds.

Benchmark 10-year notes last fell 9/32 in price to yield 2.5116%, from 2.479% late on Tuesday.

Oil prices initially rose, with Brent reaching as high as $69.96 a barrel, then turned lower after EIA data showed a surprise large build in U.S. crude inventories.

U.S. crude fell 0.61% to $62.20 per barrel and Brent was last at $68.92, down 0.65%.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Havells India Share price: Buy rating on Havells India with price target of Rs 1190 - know key risks

Samsung Galaxy M62 launched - smartphone packs this massive feature; Check all details here

Shola Shoretire becomes Man Utd's youngest ever player in European competition

7th Pay Commission: Salary up to Rs 1.77 lakh plus DA, HRA; check details at nta.nic.in - Delhi University Recruitment 2021

RailTel IPO Listing today: Great expectations from share price on debut

Akshay Kumar, Shah Rukh Khan, Ranveer, Priyanka Chopra applaud Alia in ''Gangubai Kathiawadi'' teaser

US launches airstrikes on Iran-backed terrorist infrastructure in Syria

7th Pay Commission: DA, TA, DR, salary hike—what central government employees and pensioners must know

HDFC Securities highlights that the momentum in the indices could take the Nifty up to 15039-15132 band in the near term

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved