Looking at a map of the world’s 11 largest markets, the sea of green is interrupted by red just one time: the NIKKEI finishing down half a percent. Everybody else – up. In France, there’s concern that a Le Pen victory could result in France defaulting on its debt. That would obviously hurt the CAC40, but also probably benefit German and other European shares. But today was all about higher prices, as even the CAC40 was up smartly on the day. The Global Dow Index was up 4 to finish at 2606.
In the US, talk from the President about major tax changes in the next couple of weeks sent shares zooming. All three major indices scored new all-time highs, and managed to hold onto most of the day’s gains by the close. The Industrials were up 118, the S&P 500 up 13 points, and the NASDAQ gained 33 points.
Bonds once again didn’t get the memo about higher ... Log in or subscribe to continue reading.