After going through the much-needed financial lessons, world stocks have geared up to do some serious business, prompting worldwide investors to take cautious steps and keep an eye on the stock movements during the first month of the year.
It is true that major markets have set the tone for growth.
Let’s begin with the big daddies!
US stock market
US economy has surged again on the robust growth prospects showed by its manufacturing data. Sectors like manufacturing, construction, consumer goods and automobile are giving better-than-expected performance that will eventually strengthen the US stock markets, which are also eagerly waiting for the additional round of quantitative easing promised by the Federal Reserve.
The three key indices in the US have posted significant growth with Dow Jones (+0.8%), S&P 500 (+1.1%) and Nasdaq (+1.5%)
European markets
European markets have made a wild-card entry as the stocks are up on renewed investor cheer and automobile gains. The overall growth marked by European stocks was 1%.
Stoxx Europe 600 (+0.8%), FTSEEurofirst 300 (+1%), Germany’s DAX index (+1.1%), while CAC 40 of Paris (+2.4%).
UK Markets
London Stock Exchange opened up with investor confidence. According to the Deloitte report, UK companies are sure about their expansion plans and thus, the overall outlook is bright.
Britain’s FTSE 100 gained 1.4%.
Investors are aware of the ‘January Effect’
Despite seeing growth, the global markets have made some significant losses. The Dollar’s condition is anemic against the basket of major currencies. Plus, the People’s Bank of China has hiked interest rates again to curb the rising inflation woes, which has resulted in creating a panic amongst investors.
Australian shares have declined as well on dropping insurance stocks. The S&P/ASX 200 Index is down by 0.1%.
No wonder investors are keeping watching economic movements carefully while welcoming the bull. It is like that investors’ cleverness and bull’s positivity will take the markets to the different level as the year proceeds further.
