Right, time for a recap.
Global stock markets have romped to fresh all-time highs today as 2018 begins where 2017 left off - with shares rising across the world.
A renewed burst of investor confidence swept America’s Dow Jones industrial average over the 25,000 point mark for the first time - meaning it has gained around 25% in the last 12 months.
Traders drove the Dow up after payroll figures showed that American companies hired 250,000 workers last month - the best reading since March. It suggests that tomorrow’s US jobs report (the non-farm payroll) figures could be better than expected.
Jacob Deppe, Head of Trading at online trading platform, Infinox
, reckons the Dow could hit 26,000 points soon:
“With the Dow Jones hitting 25,000 for the first time there seems no end in sight to a stock market rally spurred on by much stronger than expected jobs data for December, offering yet further evidence of the strength of the US economy.
Most analysts had expected 190,000 jobs to have been created in the month but 250,000 jobs blew that number apart. Little wonder the Dow Jones soared to a new all time record high soon after.
“Markets will expect a big number from official Non-Farm Payrolls data tomorrow, anything much less than 250,000 will be considered a disappointment.
Source : https://www.theguardian.com/business/live/2018/jan/04/japanese-stock-market-uk-service-sector-debenhams-profit-warning-business-live