New High Record in European Stocks

European stocks rose to a new record Friday, as investors remain optimistic about the improvement in the global economy after a new set of positive economic data from China, and indicators are growing stronger on the signing of a preliminary trade agreement between the United States and China.

The pan-European STOXX 600 index rose 0.2 percent by 08:04 GMT.

The index has now reached a record high for three consecutive sessions in a short week due to a vacation.

Friday’s data showed profits of industrial companies in China rose at the fastest pace in eight months in November, according to Reuters.

The news adds to a broader wave of rally, which has been supported by a preliminary trade agreement between the United States and China, and hopes for a smoother Brexit from the European Union.

A new history was written on Wall Street as US consumers continued their ‘storm consumption’ during the year-end shopping season, with the New York Stock Exchange Nasdaq surpassing the 9000 line for the first time on the 26th (local time).y.

Stock markets in New York are booming. The Nasdaq index, the tech stock center, finished trading at 9022.39, up 69.51 points (0.78%) from the previous trading day. Nasdaq was the first to cross the 9000 mark since its launch in 1971. The NASDAQ indexed a new node index 16 months after breaking through the 8000 line in August last year.

In addition, the Dow Jones 30 Industrial Average Index, which consists of 30 blue chips, climbed 105.94 points (0.37%) to 28,861.39, breaking the previous record. The Standard & Poor’s index closed at 3239.91, up 16.53 points (0.51%). This is also the highest ever. As the US economic optimism gradually spreads, the effect of the “Santa Rally”, which is common at the end of the year, is being maximized.

The biggest driver of the Nasdaq index was Amazon, the world’s largest e-commerce company. Amazon said it was the biggest seller in history this year. Although the company did not disclose specific sales figures, the company said “billions of items were ordered and 10 million Amazon products were sold worldwide.” The top selling items this year were the smart speaker ‘Ecodot’ equipped with artificial intelligence (AI) assistant, the streaming service device ‘Fire TV Stick’ and the smart speaker ‘Eco Show 5’ with display. Thanks to the news, Amazon shares surged 4.45 percent.

According to the economic media CNBC, “The S & P 500 index has risen more than 50% since the inauguration of President Trump.” Even in the first half of this year, there was a lot of concern about R (Recession), which is a reversal of the short- and long-term interest rates, which is considered a precursor to the economic crisis.

However, fears of ‘R’ disappeared as investment sentiment improved as the Federal Reserve (Fed / Fed) cut interest rates three times this year to prevent the US economic downturn and the first stage of the US-China trade negotiations. Investment in stocks being valued is increasing.

European Markets
Stock market index change ratio Highest Lowest Opening This year’s performance Local time
Russia 1549.14 14.29 0.93% 1549.28 1533.81 44.95% 12:11
UK stock market 7652.12 19.88 0.26% 7677.50 7640.45 13.73% 10:11
French stock market 6045.12 15.57 0.26% 6053.72 6037.18 27.79% 11:12
German stock market 13333.54 32.56 0.24% 13371.61 13318.41 26.28% 11:11
Turkey 114064 411 0.36% 114290.81 113902.32 24.97% 11:56
Ukraine 510.70 0.00 0.00% 510.70 510.70 -8.70% 12/26
Hungary 45984.46 0.00 0.00% 45984.46 45399.29 17.49% 12/23
Austria 3228.91 7.97 0.25% 3244.63 3212.16 17.60% 10:56
Polish stock market 58107.50 537.79 0.93% 58132.76 57766.76 0.72% 10:56
Czech stock market 1115.37 0.64 0.06% 1115.71 1112.76 13.06% 10:56
Greek stock market 914.40 1.88 0.21% 916.06 911.58 50.25% 11:56
Italy 25886.30 -138.92 -0.53% 26025.84 25866.68 28.48% 11:11
Spain 962.22 1.13 0.12% 963.70 960.79 11.55% 10:56
Portugal 3383.22 14.20 0.42% 3390.94 3362.81 21.89% 09:56
Ireland 7257.60 34.67 0.48% 7262.22 7215.71 32.44% 09:56
Belgium 3999.10 6.97 0.17% 4012.50 3992.30 23.29% 11:11
Luxembourg 1306.383 -38.37 -2.85% 1600.622 1306.383 1587.262 -9.98% 17:36
Dutch stock market 610.69 1.36 0.22% 611.61 610.59 25.17% 11:12
Finnish stock market 9952.90 30.18 0.30% 9974.90 9931.34 14.28% 11:55
Norwegian Stock 852.13 2.71 0.32% 854.46 849.54 15.24% 12:11
Swiss Stock Market 10718.50 -5.84 -0.05% 10772.50 10710.50 27.18% 11:11
Israel 1685.49 -6.30 -0.37% 1687.55 1680.99 15.14% 12/26
Egyptian Stock Market 1271.51 9.43 0.75% 1273.22 1262.07 1262.07 -0.48% 12/26
South African stock market 51050.15 26.22 0.05% 51528.50 50878.00 9.31% 11:11
Jordan Stocks 1812.40 4.26 0.24% 1812.40 1806.14 -5.05% 12/26
Dubai Stock Market 2764.88 -8.23 -0.30% 2775.67 2759.82 9.29% 12/26
Abu Dhabi 5050.49 -52.61 -1.03% 5103.66 5050.49 2.76% 12/26
Nigeria 26944.32 -46.27 -0.17% 36800.85 26944.32 36703.58 -14.27% 14: 3