Jan 25, 8:47 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Kalyan Kumar 01/25/19 AT 8:36 AM Europe, Asian stocks upDow futures jumpEuro and pound recoverThe stock market in Europe and Asia showed buoyancy on Friday as positive sentiments flowing from strong earnings of U.S. tech firms doused investor worries about a slowing global economy and trade war concerns.The pan-European STOXX index hit its highest since Dec. 4 and jumped 0.8 percent. The indices for automakers and tech sector jumped 1.5 percent and 1 percent, respectively.The euro recovered from a six-week low plunge caused by downbeat comments from European Central Bank President Mario Draghi. The euro lifted 0.2 percent to $1.13280, marking a small recovery.The ECB had outlined downside risks to growth while Germany slashed its economic growth forecast for 2019.In Asia, stocks rose on the back of strong earnings from U.S. tech firms. The dollar fell 0.2 percent against a basket of other currencies to 96.422.The British pound was up by 0.2 percent and the pound-to-dollar exchange rate crossed the 1.31 barrier to touch 1.3120.This followed the decision of Northern Ireland’s Democratic Unionist Party’s to support Prime Minister Theresa May’s Brexit deal on the condition that a time limit must… Read full this story
- GLOBAL MARKETS-Asian shares eases from 6-mth highs on U.S.-China trade uncertainty
- GLOBAL MARKETS-Asia stocks frustrated as trade doubts resurface
- Global markets mostly lower on trade uncertainty, Hong Kong protests; but ASX may rise
- Global markets mostly lower on trade uncertainty, Hong Kong protests but ASX may rise
- World markets roiled by Brexit as stocks, pound drop; gold soars
- Weakness in market may continue but top 10 stocks can give up to 50% return
- Apple dominates smartwatch market with 48% share in Q3
- Apple Watch is the Most Sold Smartwatch Globally, Says Report
- US STOCKS-Futures dip as trade worries resurface; Disney rises on results
- Uber aims for stock market debut value of more than $90bn
Strong Tech Earnings Pump Up Global Markets, Dow Futures Jump have 305 words, post on www.ibtimes.com at January 25, 2019. This is cached page on X-Buy. If you want remove this page, please contact us.