STOCK EXCHANGES AROUND THE WORLD
US stocks rise on trade, ECB stimulus hopes
Wall Street advanced on Thursday (September 12, 2019), and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from the European Central Bank.
Technology gains led the S&P 500 and the Nasdaq higher, while financials gave the biggest boost to the blue-chip Dow, which closed up for the seventh consecutive session, its longest winning streak since May.
The Dow Jones Industrial Average rose 45.41 points, or 0.17%, to 27,182.45, the S&P 500 gained 8.64 points, or 0.29%, to 3,009.57 and the Nasdaq Composite added 24.79 points, or 0.3%, to 8,194.47.
Advancing issues outnumbered declining ones on the NYSE by a 1.24-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored advancers. The S&P 500 posted 40 new 52-week highs and 1 new low; the Nasdaq Composite recorded 89 new highs and 27 new lows. Volume on US exchanges was 7.51 billion shares, compared with the 6.79 billion average for the full session over the last 20 trading days.
European stocks head for fourth week of gains
European shares ground out gains for the fourth day running on Friday (September 13, 2019) as signs of progress in US-China trade talks propped up shares after a mixed response to stimulus from the European Central Bank a day earlier.
ECB chief Mario Draghi told governments to do more to revive an ailing euro zone economy as he cut rates deeper into negative territory and pledged indefinite monetary stimulus, tying the hands of his successor for years to come and initially driving stock markets higher.
Both the pan-European STOXX 600 index and the euro zone only index .STOXXE were higher after an hour’s trade, but the gains were muted and suggested investors may have had their fill after four weeks of gains that have indexes back near levels last seen in July.
Germany stocks higher
Germany stocks were higher after the close on Friday, as gains in the Chemicals, Consumer & Cyclical and Retail sectors led shares higher. At the close in Frankfurt, the DAX gained 0.54 percent to hit a new 1-month high, while the MDAX index added 0.55 percent, and the TecDAX index added 0.56percent. Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 369 to 300 and 87 ended unchanged. The DAX volatility index, which measures the implied volatility of DAX options, was down 4.79 percent to 14.91 a new 1-month low. Gold Futures for December delivery was down 0.34 percent or 5.15 to $1520.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.64percent or 0.36 to hit $56.66 a barrel, while the November Brent oil contract rose 0.98percent or 0.60 to trade at $61.55 a barrel.
Pakistan stocks move higher
The stock market once again bounced back in to green territory amid bull-run in global equities. However, trading remained thin due to short session on account of Defence Day. After a brief upward open, the KSE-100 slipped 200 points lower as selling pressure drove the index. However, a buying momentum towards the end of the session helped the index inch closer to the 30,500-point mark.
At close, the benchmark KSE 100-share Index recorded an increase of 252.43 points, or 0.84percent, to settle at 30,467.2 points. Overall, trading volumes plunged to 48.2 million shares compared with Thursday’s tally of 146.5 million. The value of shares traded during the day was Rs2.4 billion. Shares of 300 companies were traded. At the end of the day, 156 stocks closed higher, 119 declined and 25 remained unchanged. Maple Leaf Cement was the volume leader with 7.2 million shares, losing Rs0.5 to close at Rs17.23. It was followed by WorldCall Telecom with 4.6 million shares, gaining Rs0.03 to close at Rs0.89 and Oil and Gas Development Company with 4.2 million shares, gaining Rs3.24 to close at Rs113.56.
France stocks climb
France stocks were higher last Friday, as gains in the Foods & Drugs, Gas & Water and General Financial sectors led shares higher. At the close in Paris, the CAC 40 gained 0.19 percent to hit a new 1-month high, while the SBF 120 index climbed 0.11 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 307 to 250 and 105 ended unchanged.
The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was down 6.06percent to 14.25 a new 1-month low. Gold Futures for December delivery was up 0.06 percent or 0.90 to $1526.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.02 percent or 0.01 to hit $56.31 a barrel, while the November Brent oil contract rose 0.51 percent or 0.31 to trade at $61.26 a barrel. EUR/USD was up 0.03 percent to 1.1036, while EUR/GBP rose 0.38 percent to 0.8979. The US Dollar Index Futures was down 0.07 percent at 98.315.
India Sensex rallies 337 points
The benchmark indices, the Sensex and the Nifty, surged in late session, to close 0.9 percent higher last Friday. The Sensex finished at 36,981, up 337 points or 0.92 per cent higher, while the Nifty closed at 10,946, up 98 points or 0.91 per cent firmer.
Japanese stocks higher
Japan stocks were higher last Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.
At the close in Tokyo, the Nikkei 225 rose 0.54 percent to hit a new 1-month high. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1798 to 1634 and 272 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00 percent to 16.48 a new 1-month low. Crude oil for October delivery was down 0.12percent or 0.07 to $56.23 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 0.07 percent or 0.04 to hit $60.91 a barrel, while the December Gold Futures contract fell 0.37 percent or 5.65 to trade at $1519.85 a troy ounce.