Stocks were mixed and uninspired for most of the day worldwide, though US shares rallied into the close for a fifth day of heading higher. The Asia Dow index finished down 0.31% despite higher closes in Japan, Hong Kong, Australia, Singapore and China; go figure. European exchanges were all lower, except for London's FTSE, but that was enough to boost the STOXX 600 by 0.09%.
US indices continued their slow but steady rise on the back of decent economic data and favorable earnings. The Fed's latest comments imply an economy strong enough to merit another interest rate increase next month, which also makes investors optimistic. With last Wednesday's washout a mere memory, all three major US indices are back at or near all-time highs. Latin American markets closed with good gains, though the Toronto exchange lost ground.
Precious metals traded higher even as crude oil broke its upward streak. Crude lost 20 cents, to ... Log in or subscribe to continue reading.
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