Wednesday, 29 March 2017

WALL STREET RECOVERY

In stocks the leading index of 300 European shares gave up all its early gains to trade down 0.1 percent .FTEU3 at 1,486 points, while Germany's DAX halved its gains to trade up 0.3 percent .GDAXI.
Britain's FTSE 100 .FTSE fell 0.2 percent as sterling bounced back from its one-week low.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.3 percent and back towardS recent 21-month peaks, while Japan's Nikkei .N225 added 0.1 percent.

The Dow Jones snapped an eight-day losing streak on Tuesday, its longest run of losses since 2011, in part as a survey showed consumer confidence surged to a more than 16-year high.

In commodity markets, oil prices gained after a severe disruption to Libyan oil supplies and as officials suggested the Organization of the Petroleum Exporting Countries and other producers could extend output cuts to the end of the year.

U.S. crude CLc1 added 0.4 percent to $48.57 a barrel, while Brent LCOc1 rose 0.5 percent to $51.57.
Spot gold XAU= was little changed at $1,251 an ounce. S&P 500 futures ESc1 pointed to a flat open on Wall Street.

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