“The U.S. 10 year Treasury yield rose alongside its eurozone peers
overnight, while U.S. stocks rallied, reflecting a risk-on attitude
among investors,” said Makoto Noji, senior FX/bond strategist at SMBC
Nikko Securities.
The Dow Jones Industrial Average .DJI rose 1.4 percent to 25,146.39, the S&P 500 .SPX gained 0.86 percent to 2,772.35 and the Nasdaq Composite .IXIC added 0.67 percent to hit its record closing high of 7,689.24.
Oil prices rose on Thursday to shake off some of the previous session’s losses, supported by plunging exports from OPEC-member Venezuela.
Brent crude futures LCOc1 last traded at $75.70 a barrel and U.S. West Texas Intermediate (WTI) crude CLc1 at 65.01, each rising 0.5 percent on the day.
Copper CMCU3 hit a five-month high of $7,278.50 per tonne, though the gains was driven more by supply concerns in Chile than by stronger demand.
Gold prices edged higher, with spot gold XAU= last traded at $1,297 per ounce, up 0.1 percent on the day, loosely supported by a weaker dollar amid ongoing concerns about a trade war between the United States and its allies.
India’s central bank raised its policy rate for the first time in more than four years on Wednesday, but surprised some economists by keeping its stance “neutral” instead of changing it to “tighten”.
Market participants, wary of event risk, are monitoring developments ahead of the G7 summit later this week and the U.S.-North Korea summit scheduled for next week.
The Dow Jones Industrial Average .DJI rose 1.4 percent to 25,146.39, the S&P 500 .SPX gained 0.86 percent to 2,772.35 and the Nasdaq Composite .IXIC added 0.67 percent to hit its record closing high of 7,689.24.
Oil prices rose on Thursday to shake off some of the previous session’s losses, supported by plunging exports from OPEC-member Venezuela.
Brent crude futures LCOc1 last traded at $75.70 a barrel and U.S. West Texas Intermediate (WTI) crude CLc1 at 65.01, each rising 0.5 percent on the day.
Copper CMCU3 hit a five-month high of $7,278.50 per tonne, though the gains was driven more by supply concerns in Chile than by stronger demand.
Gold prices edged higher, with spot gold XAU= last traded at $1,297 per ounce, up 0.1 percent on the day, loosely supported by a weaker dollar amid ongoing concerns about a trade war between the United States and its allies.
India’s central bank raised its policy rate for the first time in more than four years on Wednesday, but surprised some economists by keeping its stance “neutral” instead of changing it to “tighten”.
Market participants, wary of event risk, are monitoring developments ahead of the G7 summit later this week and the U.S.-North Korea summit scheduled for next week.
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