World stocks edge higher before Trump speech, China congress

01 March, 2017, 00:22 | Author: Michele Stevens
  • A selling Target for investors

LONDON: European shares edged higher on Tuesday as investors awaited President Trump's first speech to Congress.

In Asia, share markets were mostly higher in morning session on Tuesday, tracking USA gains, as investors await a key speech from Trump.

At 12:27 p.m. ET, the Dow .DJI was down 7.78 points, or 0.04 percent, at 20,813.98, the S&P 500 .SPX was down 0.42 points, or 0.01 percent, at 2,366.92 and the Nasdaq Composite .IXIC was down 0.21 points, or flat, at 5,845.10.

Wall Street was weaker at the close on Tuesday, with the Dow Jones Industrial Average snapping a 12-day stretch of gains ahead of a key speech by President Donald Trump to a joint session of the US Congress. Other sectors like Energy, Basic Materials, Industrials, Cyclical cons. Goods, Financials, Healthcare, Technology, and Telecommunications have suffered a loss of 0.31 percent, 0.29 percent, 0.33 percent, 0.58 percent, 0.44 percent, 0.01 percent, 0.37 percent, and 0.60 percent respectively.

In the latest economic data, fourth-quarter GDP was 1.9% (, held down by a bigger trade deficit even as consumer spending rebounded strongly.

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The Russell 2000 is up 50.84 points, or 3.8 percent. Separately, a survey on consumer confidence ( jumped to its highest level in 15 years while a gauge of Chicago-area manufacturing ( hit a two-year high. Tenga Inc (TGNA) saw a rise of 3.5% after better-than-expected quarterly earnings.

The S&P 500 declined 0.25% on Tuesday and the Nasdaq slid 0.62%.

The major European markets have also turned mixed on the day. However, it is the Nasdaq that outperformed the rest with 5.13 percent gain in February until the closing of February.

In commodities, Brent crude settled down 0.1 per cent at US$55.93 per barrel while US West Texas Intermediate settled up 0.1 per cent at US$54.05 per barrel as a global supply glut appeared to ease.

The Dow fell 38 points, or 0.2 percent, to 20,785. Against the euro, the dollar is valued at $1.0593 compared to yesterday's $1.0587.



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