Positive Financial News
US:Dow Jones passes 14,000 for record high
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average to a record close. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed. The Dow rose to 14,087.55, surpassing its closing record set in mid-July. Broader market indexes also rose sharply with the Standard and Poor's 500 index nearing its all-time trading high.
Brazil stocks, currency soar as Wall Street rallies
Brazil's stock market surged to a record on Monday and the national currency rallied past a seven-year high, boosted by US financial markets and increased investor appetite for riskier assets.
Canada: Broad rally sees Toronto stocks jump 100 points
The Toronto Stock Exchange's main index kicked off the fourth quarter with a 100-point gain on Monday, as strength in resource and financial issues led a broad-based rally.
European shares at two-month high, banks lead gains
European shares rose for the second straight session on Tuesday as global stocks hit record highs with shares of financial institutions leading the rally. The pan-European FTSEurofirst 300 index rose to its highest level since 26 July. Around Europe, London's FTSE 100 index, Frankfurt's DAX, and Paris's CAC-40 all gained. MSCI's main world equity index and many Asian markets also hit records.
Hong Kong shares set life high
Hong Kong blue chips jumped 3.9 per cent on Tuesday and China plays leapt 5.6 per cent amid a broad-based rally, as investors cheered a record high on Wall Street. The benchmark Hang Seng Index cleared the 28,000-mark for the first time to end up 1,057.28 points at a fresh record of 28,199.75. Trading volume was unprecedented.
Indian shares hit record, post 10th straight gain
Indian shares hit a ninth successive record high and posted a 10th straight rise on Monday -- their longest winning streak in two years.
Korean leaders meet at historic summit
The second summit between the divided Koreas since World War II began Tuesday in Pyongyang, North Korea. Formal talks between leaders of the two countries begin Wednesday. During the 125-mile journey by road from Seoul, South Korean President Roh Moo-hyun stepped out of his vehicle to walk across the border that divides the Koreas in the center of the Demilitarized Zone -- the first time any Korean leader has crossed the land border.
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average to a record close. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed. The Dow rose to 14,087.55, surpassing its closing record set in mid-July. Broader market indexes also rose sharply with the Standard and Poor's 500 index nearing its all-time trading high.
Brazil stocks, currency soar as Wall Street rallies
Brazil's stock market surged to a record on Monday and the national currency rallied past a seven-year high, boosted by US financial markets and increased investor appetite for riskier assets.
Canada: Broad rally sees Toronto stocks jump 100 points
The Toronto Stock Exchange's main index kicked off the fourth quarter with a 100-point gain on Monday, as strength in resource and financial issues led a broad-based rally.
European shares at two-month high, banks lead gains
European shares rose for the second straight session on Tuesday as global stocks hit record highs with shares of financial institutions leading the rally. The pan-European FTSEurofirst 300 index rose to its highest level since 26 July. Around Europe, London's FTSE 100 index, Frankfurt's DAX, and Paris's CAC-40 all gained. MSCI's main world equity index and many Asian markets also hit records.
Hong Kong shares set life high
Hong Kong blue chips jumped 3.9 per cent on Tuesday and China plays leapt 5.6 per cent amid a broad-based rally, as investors cheered a record high on Wall Street. The benchmark Hang Seng Index cleared the 28,000-mark for the first time to end up 1,057.28 points at a fresh record of 28,199.75. Trading volume was unprecedented.
Indian shares hit record, post 10th straight gain
Indian shares hit a ninth successive record high and posted a 10th straight rise on Monday -- their longest winning streak in two years.
Korean leaders meet at historic summit
The second summit between the divided Koreas since World War II began Tuesday in Pyongyang, North Korea. Formal talks between leaders of the two countries begin Wednesday. During the 125-mile journey by road from Seoul, South Korean President Roh Moo-hyun stepped out of his vehicle to walk across the border that divides the Koreas in the center of the Demilitarized Zone -- the first time any Korean leader has crossed the land border.
Labels: financial news, korea, stock market
posted by Mr. Positive! at 1:05 PM
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