Global Stocks Follow U.S. Markets Higher

27.12.2019 / 11:53

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Global markets edged up in low-volume trading on Friday, after U.S. stocks touched new records on signs of a strong Christmas retail season and easing trade tensions.

Stock indexes across the European continent posted gentle gains after a mixed session in Asia. The Stoxx Europe 600 gained 0.2%.

“The weeks entering the Christmas break were characterized by a positive market mood and nothing has happened to change this attitude,’’ said Luca Cazzulani, a strategist at UniCredit. “The way the calendar is set makes the end of this year even thinner than usual, you have very few trading days at the turn of the year. Most people will be taking today off, particularly in Europe.’’

U.S. stock futures advanced slightly after major stock indexes hit fresh records on the back of strong holiday sales. Futures tied to the Nasdaq added 0.3% after the index on Thursday rallied above 9000 for the first time. Contracts linked to the Dow Jones Industrial Average and S&P 500 indexes advanced 0.2%.

E-commerce giant Amazon said it had its best holiday season to date, selling billions of items from its site and tens of millions of Amazon devices.

Trader Georgi Bozhidarov

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Global Stocks Follow U.S. Markets Higher

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