us stocks at records euro gains on hopes
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

US stocks at records; euro gains on hopes

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice US stocks at records; euro gains on hopes

The Christmas spending splurge
New York - AFP

US stocks climbed to fresh records Friday on optimism about the holiday shopping season, while the euro surged following strong German economic data and on hopes that Europe's biggest economy would soon resolve a political crisis.

Both the S&P 500 and Nasdaq ended at all-time highs, with the S&P 500 topping 2,600 points for the first time, amid forecasts that US holiday sales could jump by four percent or more compared with the year-ago period.

"Holiday retail sales in 2017 are expected to rise 4.2 percent above last year, which would be the strongest growth rate since 2014," said a note this week from IHS Markit. 

Some early data has already suggested an uptick in online sales compared with the year-ago period, but "the question is -- and will remain throughout the holiday selling season -- how much of the online sales strength will come at the expense of in-store sales?" said Briefing.com analyst Patrick O'Hare. 

Amazon jumped 2.6 percent as it announced a bevy of deals ahead of the "Cyber Monday" shopping day. Last year, the online retailer sold more than 64 million items on "Cyber Monday," the day after the Thanksgiving weekend. 

Others to gain included Macy's and Gap, although multipurpose retailing giant Target slumped 2.8 percent.

Both Paris and Frankfurt rose modestly, with the German stock index gaining 0.4 percent after the Ifo economic institute's German business climate index jumped to an all-time high in November, as companies shrugged off political uncertainty in Europe's booming top economy.

The German data also helped the euro, which surged back above $1.1900 for the first time since September, boosted also by hopes that Germany was closer to resolving its political crisis. The Social Democrats said they were ready to hold talks with caretaker Chancellor Angela Merkel, in a sign they might offer the veteran leader their key support.

London's stock market dipped, bucking an upwards trend elsewhere, as 'Black Friday' price-slashing wooed customers but was expected to hurt the bottom line of Britain's biggest retailers.

The mood in London soured also on news that British consumer confidence, tracked by pollster YouGov and the Centre for Economics and Business Research, has slumped to the lowest level since just after last year's shock Brexit referendum.

Oil prices rose, with US benchmark West Texas Intermediate ending at its highest level since July 2015, on reports that Russia and OPEC leaders were close to an agreement to extend an agreement to limited production.

 

- Key figures around 1815 GMT - 

 

New York - DOW: UP 0.1 percent at 23,557.99 (close)

New York - S&P 500: UP 0.2 percent at 2,602.42 (close)

New York - Nasdaq: UP 0.3 percent at 6,889.16 (close)

London - FTSE 100: DOWN 0.1 percent at 7,409.64 points (close)

Frankfurt - DAX 30: UP 0.4 percent at 13,059.84 (close)

Paris - CAC 40: UP 0.2 percent at 5,390.46 (close)

EURO STOXX 50: UP 0.3 percent at 3,582.30

Tokyo - Nikkei 225: UP 0.1 percent at 22,550.85 (close)

Hong Kong - Hang Seng: UP 0.5 percent at 29,866.32 (close)

Shanghai - Composite: UP 0.1 percent at 3,353.82 (close)

Euro/dollar: UP at $1.1925 from $1.1851 at 2200 GMT

Pound/dollar: UP at $1.3324 from $1.3309

Dollar/yen: UP at 111.55 yen from 111.22 yen

Oil - Brent North Sea: UP 31 cents five cents at $63.86 per barrel 

Oil - West Texas Intermediate: UP 93 cents at $58.95 per barrel

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks at records euro gains on hopes us stocks at records euro gains on hopes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks at records euro gains on hopes us stocks at records euro gains on hopes

 



GMT 13:06 2012 Thursday ,14 June

Steady rise in temperature forecast in UAE

GMT 17:11 2016 Wednesday ,20 April

Hamdallah, Singapore Prime Minister meet

GMT 18:41 2017 Wednesday ,02 August

Bangladesh separates conjoined twins in rare surgery

GMT 00:59 2017 Monday ,20 February

Rousseff urges vote against impeachment

GMT 07:11 2018 Thursday ,18 January

Germany loans Lithuania 'birth certificate'

GMT 15:00 2017 Monday ,18 September

National Pavilion UAE’s Venice Internship now open

GMT 10:36 2017 Sunday ,31 December

Swimming with whale sharks in Mexico

GMT 15:02 2017 Wednesday ,22 February

5 Natural home remedies to stop hair loss

GMT 07:42 2017 Wednesday ,26 July

Khalid 5 football tournament launched

GMT 07:22 2017 Tuesday ,05 December

Mario Centeno, the 'Ronaldo' of the eurozone

GMT 12:51 2017 Monday ,08 May

Tadweer launches second e-Services edition

GMT 06:51 2017 Monday ,23 October

Electricity Minister receives German ambassador

GMT 12:24 2017 Tuesday ,17 October

Underlines importance of reconciliation

GMT 06:08 2014 Friday ,15 August

UN vote Friday on measure to weaken Iraq Islamists

GMT 14:43 2013 Tuesday ,04 June

British Council launches new global English exam

GMT 11:45 2013 Wednesday ,17 April

Syria photograph wins Pulitzer

GMT 02:39 2016 Friday ,04 November

Singaporean president visits Giza pyramids plateau
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice