Global stocks are continuing to surge today on expectations the ECB will step up its government bond purchases to ease pressure on the ailing eurozone.
Positive US private sector job figures out yesterday along with robust manufacturing activity in China are also boosting investor confidence. Asian stocks surged overnight, with Japan's Nikkei Stock Average advancing 1.8%, Hong Kong's Hang Sang Index climbing 0.8% and the Shanghai Composite index up 0.8%. In the US, the Dow closed yesterday up 2.27% to 11,255, with the Nasdaq advancing 51 points to 2,549. Meanwhile, European indices have extended yesterday's strong surge, with London's FTSE and France's Cac 40 both up over 0.4% and Germany's Dax up 0.34%. While all eyes will be...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
