May 7, 2024 10:56 pm
European and Asian Stock Markets Surge; US Set to Release Core PCE Index Today

In Europe, trading began with an increase in rates. The Dax strengthened by 0.4%, Potsy added 0.7%, and Jackdaw increased by 0.3%. There were also increases in stock exchanges in Spain, Italy, Switzerland, Portugal, Belgium, Sweden, and Russia. Corporations like Louis Vuitton climbed by 1.3%, Airbus weakened by 2.5%, and Deutsche Bank advanced by 1.1%.

Meanwhile in Asia, stock markets continued to trade positively with gains. The Hang Seng index jumped by 2.5%, Kospi advanced by 1.1%, the Shenzhen index added 2%, and the Shanghai index rose by 1.2%. Bitcoin added 0.2% while Ethereum weakened by 0.4%.

In the morning, US index futures were trading higher with Nasdaq contracts up 1.1%, S&P 500 contracts up 0.8%, and Dow Jones contracts up

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