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April 2, 2014

Wall Street Marches on to Fresh Records

“Positive signals on the US labour market ahead of Friday’s non-farm payrolls report helped Wall Street secure fresh record highs, although momentum showed signs of slowing after the bullish tone of the past two days.”

“At midday in New York, the S&P 500 equity index was up 0.2 per cent to 1,889, having touched a fresh intraday peak earlier in the session.”

“Across the Atlantic, the FTSE Eurofirst 300 rose 0.2 per cent – its seventh successive advance – while the Nikkei 225 in Tokyo jumped 1 per cent to a three-week high.”

“Those gains helped push the FTSE All-World index to its highest point since December 2007.

“The MSCI Emerging Market equity index, meanwhile, stretched its winning run to nine days – albeit by just 0.1 per cent – as Indian stocks reached another record and the Bovespa index in Brazil hit a three-month peak.”

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Read full Financial Times article here.

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