US stocks again climbed into new record territory on a variety of positive sentiments. Suspicions of an auspicious Cyber Monday helped, as did optimism about tax reform this year or next (rated a 50% chance this year and 80% chance by next year, according to Goldman Sachs). Consumer sentiment reached a 17-year high, and then there was the kicker: Fed Chair nominee Jerome Powell stated his opinion that bank regulations were "tough enough." That "music to businesses' ears" sent financial shares higher, dragging the rest of the market up with them.
Asian markets had been mostly weak, and the Asia Dow fell 0.38% to reflect that. Europe was more positive, with the UK's 1% gain leading the STOXX 600 to a 0.56% gain. Mexican shares lost about a quarter percent, but the other three major American markets (ex. the US) were higher.
Government bonds were mixed worldwide, up or down insignificant ... Log in or subscribe to continue reading.