The positive data of industrial production in China, reports of corporations and a weak dollar boosted gold prices and oil generated optimism among investors.
European stocks rose thanks to strong profits announced by French bank Credit Agricole SA and a surprising increase in employment levels in Britain.
In addition, comments conservative central bankers, including the Governor's Bank of England, Mervyn King, helped touch off a round of purchases in markets around the world.
In the U.S., officials at the Federal Reserve indicated that interest rates for loans will remain low and once again, the movements in the dollar hurt shares.
Gold and oil rose after the dollar slipped in the early hours of the session after forecasts Fed on Tuesday evening that economic recovery is likely to be weak.
According to preliminary calculations, the Dow Jones industrial average rose 44.29 points (0.4%) to close at 10,291.26. The Dow reached a high mark in the day of 10,341.97 points, its best level since 3 October 2008.
The Standard Poor #39; s 500 Index was 5, 50 points (0.5%) to 1098.51 during the day and broke the psychological mark of 1,100 points for the first time since last year. It reached a maximum of 13 months of 1105.37, also its highest since October 3 last year.
The Nasdaq composite index, dominated by high-tech stations, rose 15.82 points (0.7%) and ended at 2166.90.
In Europe, Germany's DAX index rose 55.15 points (1%) to close at 5668.35 , France's CAC-40 rose 28.80 units (0.8%) and ended at 3814.39, and Britain's FTSE 100 climbed 36.20 points (0.7%) to 5266.75, very close to his best year-end.
Meanwhile, the euro rose to its highest price in 15 months against the dollar, while the British pound fell a cent after announcing King that the falling value of the currency is required to balance the UK economy.
Credit Agricole announced that its third-quarter earnings were better than predicted.
In Britain , employment rose in the third quarter, the first time this has happened since May 2008.
In Tokyo, the Nikkei 225 closed almost unchanged at 9871.68 while in Hong Kong Hang Seng index advanced 1.6% to 22,627.21.
In Seoul the Kospi added 0.8%, and bags in Australia, Taiwan and Singapore also registered increases.
The Shanghai index fell after 8 days of consecutive gains, losing 0.1% to 3175.19.
reference crude for delivery in December rose 23 cents to $ 79.28 a barrel on the New York Mercantile Exchange. Gold closed up $ 12.10 to $ 1114.60 an ounce in after that during the exchange reached a maximum of $ 1119.10.
Post a Comment