Stock Market Today: Global Shares Up Ahead of US GDP Update
Investors are optimistic about the US economic recovery, and the focus is on the release of the first-quarter GDP report, which is expected to show strong growth. This positive sentiment has led to gains in the global stock market
In Asia, the Japanese Nikkei 225 index rose 1.2%, while Hong Kong’s Hang Seng index gained 0.8%. The Shanghai Composite Index in China also climbed 0.6%.
In Europe, the major stock indexes opened higher. The UK’s FTSE 100 rose 0.5%, Germany’s DAX gained 0.7%, and France’s CAC 40 increased by 0.8%.
In the US, futures for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite are all indicating gains of around 0.5%.
Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year
Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher.
Overall, the positive sentiment in the markets today is driven by the expectation of strong economic growth in the US, which is good news for businesses and investors alike. However, it’s worth noting that the stock market can be unpredictable, and fluctuations can occur based on a range of factors, including geopolitical events and economic data releases.