AFP, New York :
Global stocks rose Friday on upbeat Chinese data and solid earnings by US banks, with London’s benchmark index headed back towards its record-high level.
Gains were strongest among stock markets in the eurozone, while a rally on Wall Street lost steam as the dollar gained on other major currencies.
“This is really the warmup to earnings season,” said Art Hogan, chief market strategist at Wunderlich Securities in New York. “This is a market that is taking a wait and see approach to see what the earnings season shows.”
Bourses were also higher in Asia, including in Thailand, where investors engaged in bargain-buying after Bangkok stocks plummeted on the death of King Bhumibol Adulyadej.
Global stocks rose Friday on upbeat Chinese data and solid earnings by US banks, with London’s benchmark index headed back towards its record-high level.
Gains were strongest among stock markets in the eurozone, while a rally on Wall Street lost steam as the dollar gained on other major currencies.
“This is really the warmup to earnings season,” said Art Hogan, chief market strategist at Wunderlich Securities in New York. “This is a market that is taking a wait and see approach to see what the earnings season shows.”
Bourses were also higher in Asia, including in Thailand, where investors engaged in bargain-buying after Bangkok stocks plummeted on the death of King Bhumibol Adulyadej.
