Market News & Analysis
Asian stocks up on US lead
City Index January 8, 2015 12:26 PM
Asian shares rose today (January 8th), led by a strong session on Wall Street, as oil prices resisted further decline.
Yesterday, the Dow Jones Industrial Average rose 1.2 per cent while the S&P 500 also added 1.2 per cent.
Brent crude extended gains in early Asian trade to hold above $51 (£33) a barrel, boosted by data showing the US economy remained resilient amid slowing global growth.
Sentiment was also lifted by the latest US jobs report, which found that private payrolls rose by 241,000 in December, up from 227,000 in November.
Japan's Nikkei 225 closed up 1.67 per cent in one of its best days in three weeks. In Hong Kong, the Hang Seng index ended up 0.7 per cent. Australia's S&P/ASX 200, finished the day up 0.52 per cent, while South Korea's Kospi was up 1.11 per cent in line with the majority of regional indexes.
However, the Shanghai Composite ended 2.4 per cent lower on profit-taking.
Learn about the Asian markets and CFD trading at City Index.
More From City Index
- Companies reporting for week starting Monday 1st May 2017 April 28, 2017 9:13 AM
- Companies reporting for week starting Monday 24th April 2017 April 21, 2017 11:00 AM
- See More
From time to time, GAIN Capital Limited’s (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.