Positive start for European stocks

Business | 3 Jul 2019 6:21 pm

Shares advanced in early European trading today after the S&P 500 index hit another record high.

Germany’s DAX added 0.6 percent at 12,605.28 while the CAC 40 in Paris also climbed by 0.6 percent, at 5,609.54. Britain’s FTSE 100 picked up 0.5 percent at 7,598.88.

U.S. shares looked set for gains ahead of the Independence Day holiday, with the futures contract for the S&P 500 up by 0.1 percent at 2,983.90. The futures for the Dow Jones Industrial Average also edged 0.1 percent higher, at 26,833.00.

“With the G-20 Summit in the rear-view mirror, we look around the markets and revert to what are the clear drivers — liquidity, and the view of further aggressive central bank easing and increased money supply,” Chris Weston of Pepperstone said in a commentary.-AP


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