Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Markets

News : Markets
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

Global Stocks Rise With Eyes on Trade

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2019 | 09:25am EDT

By Anna Isaac

-- Dow futures up

-- U.S. Treasury yields rise

-- Asian, European stocks climb

Global stocks gained ahead of expected easing from the European Central Bank and after China exempted certain U.S. products from tariffs.

Futures for the Dow Jones Industrial Average edged up 0.2% on Wednesday. The contracts don't necessarily predict moves after the opening bell.

The Stoxx Europe 600 rose 0.7% in afternoon trade, with Germany's DAX up 0.9% and France's CAC 40 up 0.5%.

Shares of London Stock Exchange Group gained 4.2% after Hong Kong Exchanges & Clearing made an offer to buy it in a $36.56 billion cash-and-share deal.

Meanwhile, shares of Prosus, the Naspers Ltd. spinoff, had their debut on Amsterdam's Euronext. A valuation of nearly EUR120 billion ($132.51 billion) made it Europe's largest listed consumer internet company.

China said Wednesday that higher tariffs wouldn't be levied against a variety of U.S. imports for a year, starting Sept. 17, and that it would continue to review more goods for exemption.

Hong Kong's Hang Seng led gains, climbing 1.8%, while Japan's Nikkei rose 1%. The Shanghai Composite was the exception, with a fall of 0.4%.

Korea's Kospi climbed 0.8% after positive jobs data from the country helped bolster confidence in its economy, suggesting that government stimulus efforts were proving fruitful.

In Europe, Zara-owner Inditex, the world's largest fashion retailer by sales, saw its share price fall 2.6% after it reported earnings for the first half of the year.

Investors have shown signs in recent days of expecting less stimulus from the European Central Bank when it meets on Thursday.

"Ahead of the ECB meeting investors seemed to take some chips off the table with aggressive expectations being pared back," said Antoine Bouvet, senior rates strategist at ING Bank in a note.

Still, investors were expecting lower interest rates from the ECB, and from the Federal Reserve when the U.S. central bank meets next week. On Wednesday, President Trump called again for looser policy, when he tweeted, "The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt."

The yield on the benchmark 10-year German bund was at minus 0.555% on Wednesday. Meanwhile, 10-year U.S. Treasury yields rose to 1.730%, from 1.706% on Tuesday. Bond yields and prices move in opposite directions.

The drivers for rising yields included better news on U.S.-China trade and a reduced likelihood of a no-deal Brexit, according to Oliver Jones, market economist at Capital Economics.

Higher yields may offer relief for major banks, easing pressure on their balance sheets after negative interest rates have eaten into profits in Europe. The banking sector within Europe's Stoxx 600 climbed 1.3%, marking its sixth- straight day of gains.

In commodities, oil prices rebounded from losses that came after Mr. Trump ousted John Bolton as his national security adviser. Brent crude, the global benchmark, was up by 0.9% at $62.95 a barrel.

Write to Anna Isaac at anna.isaac@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CAC 40 0.22% 5655.46 Real-time Quote.19.28%
CHINA-SHANGHAI COMP 0.75% 3031.24 End-of-day quote.21.35%
DAX 0.47% 12468.53 Delayed Quote.18.08%
DJ INDUSTRIAL 0.14% 27219.52 Delayed Quote.16.68%
HANG SENG 0.80% 27311.47 Real-time Quote.5.67%
KOSPI COMPOSITE INDEX 0.69% 2047.43 Real-time Quote.0.29%
NASDAQ 100 -0.31% 7892.954646 Delayed Quote.25.08%
NASDAQ COMP. -0.22% 8176.71293 Delayed Quote.23.50%
NIKKEI 225 1.05% 21988.29 Real-time Quote.8.72%
S&P 500 -0.07% 3007.39 Delayed Quote.19.97%
STOXX EUROPE 600 0.34% 391.79 Delayed Quote.15.65%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Markets"
09:09aSaudi, Gulf stocks fall after attacks on Aramco oil plants
RE
09/13Communications Services Down on Rotation to Value Stocks -- Communications Services Roundup
DJ
09/13Tech Down as Rotation Into Value Stocks Continues -- Tech Roundup
DJ
09/13Communications Services Fall on Rotation to Value Stocks -- Communications Services Roundup
DJ
09/13AT&T, ORACLE, WENDY'S, APPLE : Stocks That Defined the Week
DJ
09/13WALL STREET STOCK EXCHANGE : Stocks Extend Weekly Winning Streak
DJ
09/13MARKET SNAPSHOT: Dow Ekes 8th Straight Gain As Stocks Remain In Striking Distance Of Record Highs
DJ
09/13WALL STREET STOCK EXCHANGE : Stocks Close Day Near Flat, As Dow Ekes Out Gain
DJ
09/13Global stocks, bond yields lifted by U.S.-China trade hopes
RE
09/13Global stocks, bond yields lifted by U.S.-China trade hopes
RE
Latest news "Markets"