On Wall Street, stocks surged after a series of optimistic about corporate earnings reports and a notice of unemployment provided further evidence of an improving economy.
Dow Jones industrial average rose 122 , 05 points, or 1.1%, to settle at 11167.32, which in two days and an advance sum of 175.33. The Standard Poor #39; s 500 Index was up 15.42 points, or 1.3%, to 1206.78, while the Nasdaq composite index rose 40.19 points,1000or 1.6%, to 2511.92.
The Labor Department said applications for unemployment compensation fell last week. And companies like Motorola, Time Warner Cable and Starwood Hotels Resorts reported earnings that matched the best forecasts of analysts.
It was the second straight day of gains on the market after a crash observed Tuesday, when the Dow lost 213 points. The debt problems of Greece, one of the events that triggered the collapse, seemed less serious on Wednesday and Thursday, and that allowed investors to focus on increasing signs the U.S. economy is healing.
In Europe, the FTSE 100, which brings together Britain”s capitalized companies, closed at a rise of 31.23 points, or 0.6%, at 5617.84, while the German DAX 60 rose , 57 points, 1%, to 6144.91.
The French CAC-40 ended with an increase of 53.62 whole, 1.4%, at 3840.62.
markets were less nervous on Thursday after two days of unrest due to the risk rating agency Standard Poor”s lowered the quality of sovereign bonds Portugal, Spain and Greece, the latter to financial junk status.
There is growing speculation that Greece may get a rescue plan of 130,000 million euros over three years _ which in theory allow him to improve his financial situation.
Regardless of whether that assistance materializes, the markets are now more confident that Greece will pay the 8,500 million euros to be paid on 19 May.
Hong Kong, the Hang Seng Index fell 170.48 points, or 0.8%, to 20778.92, and in Seoul the Kospi lost 5.49 points, or 0.3% to 1728.42.
The Shanghai bourse fell 1.1% and Australia 0.8%.
Tokyo Market closed for a holiday.
light crude with low sulfur content for June delivery rose $ 1.95 to settle at $ 85.17 a barrel on the New York Mercantile Exchange (Nymex ).
On the ICE Futures exchange in London, Brent crude rose 74 cents to $ 86.90 a barrel.
___
AP Financial Columnist Jeremiah Marquez in Hong Kong contributed to this article.
Post a Comment