Euro Stock Market Close At Record Highs

European stock markets set new records after UK vote.

West Palm Beach, United States - December 23, 2019 /PressCable/ —

European stocks came close to a record high on Friday as further confirmation of a Jan. 31 Brexit date saw investors buying into markets that have been roiled by uncertainty for more than three years.

UKs benchmark FTSE 100 closed up by 0.11 percent, Germanys Dax ended up by 0.81 percent, France’s CAC finished the day up by 0.82 percent.

The S&P 500 hit a record high for a seventh straight session on Friday, as continued optimism on resolving the U.S.-China trade war and strength in domestic consumer spending lifted sentiment..

Dow Jones closed up by 0.28 percent, S&P 500 ended up 0.43 percent, Nasdaq finished the day up by 0.42 percent.

Treasuries Recap

U.S. Treasury yields rose on Friday on relatively strong economic growth and consumer spending reports.

The benchmark 10-year yield was up 2.8 basis points to 1.9364% in morning trading, reflecting greater appetite for risk.

Commodities Recap

Gold clung to a narrow $5 range on Friday as investors remained on the sidelines ahead of the holiday season and as equities markets hit record highs on easing U.S.-China trade worries.

Spot gold was unchanged at $1,478.90 per ounce as of 11:06 a.m. ET(1605 GMT), but extended gains for a second straight week. U.S. gold futures eased 0.1% to $1,482.60 per ounce.

Oil fell on Friday, but prices were set for a third straight weekly gain amid the easing of U.S.-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth.

Brent was down 55 cents, or 0.8%, at $65.99 a barrel by 1:33 p.m. EST (1833 GMT), but marking a weekly rise of around 1%. U.S. West Texas Intermediate crude was down 92 cents, or 1.5%, at $60.26 per barrel, but has gained about 0.3% on the week.

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Source: PressCable

Release ID: 88940570