- Home
- >
- Fundamental Analysis
- >
- Global stocks rise amid the stable worldwide growth
Global stocks rise amid the stable worldwide growth
Rating:
Loading...Asian stocks climbed outside of China, with Japanese shares rallying after a three-day holiday, amid optimism on improving global growth following Emmanuel Macron’s victory as France’s next president.
U.S. stocks closed at a record Friday on better-than-forecast data on American jobs. Chinese equities extended declines that have wiped more than $400 billion from the value of local shares. The euro erased early gains to retreat, with investors having largely positioned for Macron’s victory in the run-up to Sunday’s vote. Oil extended a rebound while gold climbed.
With the hurdle determining France’s new leader now cleared, investors are turning their focus on global growth and corporate earnings, after last week’s robust American jobs report and Federal Reserve comments bolstered optimism in the U.S. economy.
In China, domestic equities and bonds are being hit by the government’s steps to rein in financial leverage. The country’s banking, insurance and securities regulators have all played a part in the clampdown, focusing much of their attention on the nation’s shadow banking system. The selloff that began last month continued Monday even amid data showing China’s overseas shipments held up in April.
The yield on 10-year Treasury notes rose one basis point to 2.36 percent. Yields on Australian government debt with a similar maturity climbed three basis points to 2.68 percent, extending a two-week slide in prices.
Oil rose 1.4 percent to $46.86 a barrel after touching a five- month low last week. Crude is extending a rebound as analysts from Goldman Sachs Group Inc. and Citigroup Inc. said the tumble wasn’t based on fundamental factors, but rather technical trading.
Gold climbed 0.2 percent to $1,230.46 an ounce. The metal fell 3.2 percent last week.
Source: Bloomberg
Jr Trader Ivan Ivanov
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
