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Thursday, November 28, 2013

EU shares follow Wall Street higher -11/28/13

EU shares follow Wall Street higher
  • European stocks are up after Wall Street closed higher yesterday - when the DJIA enjoyed yet another record finish - and as the U.S. takes a break for Thanksgiving.
  • "Markets have taken on board the view that (U.S.) rates are not going up next year even if they (the Fed) start tapering soon," said Simon Smith, chief economist at FXPro.
  • EU Stoxx 50 +0.5%, London +0.4%, Paris +0.3%, Frankfurt +0.4%, Milan +1%, Madrid +0.5%.
  • Japanese stocks rise to six-year high
  • The Nikkei hit its highest level in almost six years, rising 1.8% to 15,727 as the yen continued to fall vs the dollar following U.S. economic data overnight, including surprisingly strong weekly jobless data.
  • At the close of Tokyo trading, the USD-JPY was at ¥102.08, well above Wednesday's corresponding level of ¥101.53. The yen is now at ¥102.19.
  • Elsewhere in Asia, Hong Kong -0.2%, China +0.8%, India +0.7%.
  • ETFs:
  • DXJ, EWJ, FXY, YCS, JGBS, JGBD, DFJ, JYN, NKY, DBJP, EZJ, EWV, SCJ, YCL, JSC, JGBL, JPP, ITF, DXJS, JGBT, JPNL, JPNS, FJP

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