London, 15 October 2021 -
Economic data help stocks build on gains
Stocks built on the previous week’s gains, helped by some strong economic signals and positive earnings surprises.
Friday’s Close: 35,294.76
Week’s Change: 548.51
% Change YTD: 15.32%
Friday’s Close: 4,471.37
Week’s Change: 80.03
% Change YTD: 19.04%
Friday’s Close: 14,897.34
Week’s Change: 317.80
% Change YTD: 15.59%
Shares in Europe rallied on optimism about the continuing economic recovery and strong corporate earnings.
STOXX Europe 600: +2.65%
CAC 40: +2.55%
FTSE MIB: +1.68%
FTSE 100: 1.95%
Core Eurozone bond yields finished lower after a volatile week, while Peripheral Eurozone bond yields broadly tracked core markets, as did UK gilt yields.
UK economy returns to growth with number of payroll employees hitting a record of 29.2 million
UK GDP grew 0.4% in August with hospitality industry benefiting from the first full month of reopening.
Japan’s stock market returns turned green.
TOPIX index: +3.16%
Yen feel to a three years low against the U.S. dollar to approximately JPY 114.3
Markets in China closed nearly unchanged in anticipation of next week’s quarterly GDP report.
CSI 300 index: +0.3%
Shanghai Composite Index: -0.6%
(Written and edited by: The Decision Maker)