European stocks move up
AFP | Friday, 6 June 2014
LONDON: Europe's main stock markets rose Friday, with London's FTSE 100 index of top companies climbing 0.66 per cent to close at 6,858.21 points.
Frankfurt's DAX 30 tacked on 0.40 per cent to 9,987.19 points, while the CAC 40 in Paris added 0.71 per cent to close at a new record high for the year at 4,581.12 points.
Meanwhile: Wall Street opened on the upside following the positive data.
Five minutes into trade, the Dow Jones Industrial Average rose 0.22 per cent to 16,873.15.
The broad-based S&P 500 climbed 0.19 per cent to 1,944.08, while the tech-rich Nasdaq Composite Index advanced 0.25 per cent to 4,307.10.
Wall Street indices and closed at record-highs Thursday after the European Central Bank unveiled the measures to kick-start the stuttering eurozone economy.
European stock markets and the euro, the strength of which has been contributing to deflationary pressures, were only briefly impacted by the ECB's moves.
The ECB's actions have led to a drop in yields on eurozone bonds, with the rate of return on 10-year French government bonds fell to a record low of 1.656 per cent in Friday trading.
In foreign exchange trading, the European single currency drifted up to $1.3669 from $1.3662 late in New York on Thursday.
The euro dropped to 81.18 British pence from 81.23 pence.
The British pound rose to $1.6841 from $1.6818 on Thursday.
On the London Bullion Market, gold rose to $1,254.00 an ounce on Friday compared with $1,252.50 the day before.
Meanwhile: Asian shares mostly fell Friday, not getting much of a boost from Wall Street having finished at record highs the previous day.
Tokyo was flat at 15,077.24 and Sydney rose 0.5 per cent to 5,464.0.
Shanghai fell 0.54 per cent to 2,029.96 and Hong Kong shed 0.69 per
cent to 22,951.00.