Enter your details to join our mobile app waitlist and receive early access to the Bell Direct App.
Wall St closed higher overnight as softening oil prices lift stocks. The Dow Jones rose by 0.65%, the S&P500 gained 0.27% and the tech heavy Nasdaq ended Monday’s trading session 0.26% higher.
Over in Europe, markets closed higher with the STOXX600 ending Monday’s trading session 0.47% in the green. Gains were led by construction and media stocks which added 2% and 1.6% respectively, while oil and gas stocks fell 1.4%. Germany’s DAX rose 0.35%, the French CAC gained 0.79% and over in the UK the FTSE100 ended the trading session 0.45% higher.
Locally yesterday, the ASX200 closed 0.12% higher with the majority of sectors closing in the green. Gains were led by the information technology and consumer discretionary sectors which rose 1.97% and 0.97% respectively. This was offset by the utilities sector which fell 0.59% by market close.
What to watch today:
Trading Ideas: