Mon, 19 Aug 2019

New records on Wall Street as stocks continue to fly

Lola Evans
16 Jul 2019, 06:08 GMT+10

NEW YORK, New York - U.S. stocks began the week with rises across the board on Monday, as the major indices continued their record-breaking run.

The U.S. dollar which retreated in Asia, was back on the boil as it steadily gained ground during the U.S. session.

By the close Monday, the Dow Jones industrials were up 27.13 points or 0.10% at 27,359.16.

The Standard and Poor's 500 gained just 0.53 of a point or 0.02% to 3,014.30, weighed down by a slide in banking stocks.

The tech-laden Nasdaq rose 14.04 points or 0.17% to 8,258.19.

On foreign exchange markets, the euro which had jumped in Asia, and was approaching the 1.1300 level, was tamed and put back in its box during the U.S. session.

Approaching the close in New York on Friday, the euro had wilted to 1.1258.

The British pound dropped to 1.2518, while the Japanese yen slid from its Asian highs to 107.90.

The Swiss franc eased to 0.9846. The Canadian dollar was a fraction lighter at 1.3050.

The Australian and New Zealand dollars both rose slightly - to 0.7039 and 0.6720 respectively.

In overseas equity markets, the FTSE 100 in London gained 0.34%.

The German Dax rose 0.52%.

The Cac 40 in Paris climbed 0.10%.

In Asian markets, in Tokyo, the Nikkei 225 was ahead 42.40 points or 0.20% Monday at 21,685.90.

In China, the Shanghai Composite rose 11.64 points or 0.40% to 2,942.19.

The Hang Seng in Hong Kong was up 83.26 points or 0.29% to 28,554.88.

Going against the trend, the Australian All Ordinaries fell 42.60 points or 0.63% to 6,746.20.

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