- Dax hits new record high
- S&P 500 tops 4,000
- US Manufacturing surges most since 1983
European indices finished today's session higher after upbeat Markit PMI data showed manufacturing activity in the Eurozone rose sharply in March. French manufacturing growth was revised higher while Germany factory growth was confirmed at a record high. On the coronavirus front, France will enter its third national lockdown with schools closed for at least 3 weeks. Meanwhile some German states will not carry out new vaccinations during the Easter due to supply and logistics issues. DAX rose 0.6% and reached a fresh record high at 15,101pts. CAC40 gained 0.6% and FTSE 100 finished 0.4% higher.
US indices are trading higher, with S&P 500 at new records highs. The Nasdaq jumped more than 1.5%, while the Dow Jones rose 0.50% following the rollout of President Joe Biden’s infrastructure plan and upbeat ISM manufacturing reading which completely overshadowed the unexpected rise of weekly jobless claims. Meanwhile Microsoft (MSFT.US) stock advanced 2.5% on news that the US Army ordered more than 120,000 devices based on its HoloLens augmented reality headset. The contract is worth $21.9 billion over 10 years.
WTI crude erased early losses and jumped nearly 4.0 % to $61.50 a barrel, while Brent is trading 3.50% higher, slightly below $65.00 following reports that OPEC+ had reached a deal to gradually ease production cuts from May. Elsewhere gold rose more than 1.2% to $ 1,727.00 / oz, while silver is trading 2.0 % higher near $ 24.90 / oz as both the US dollar and Treasury yields retreated slightly.
US30 (blue-chip DowJones contract) followed S&P 500 footsteps and is approaching its record high at 33140 pts. Source: xStation5
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