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Wednesday 23 November 2016

Dow Jones Industrial Average for the first time rose above 19,000 points

Indexes in Europe recorded gains supported by growth in the oil price and positivism overseas. The price of oil reached a month high today amid expectations that OPEC will agree to limit yields. The market continues to be sensitive to comments from OPEC members, but expectations for an agreement are growing, despite opposition from Iraq and Iran.
German DAX 30 ended with an increase of +0.27% at the level of 10713 points. Here the gains came from stocks of Thyssenkrupp who have added +2.85%, followed by Deutsche Telekom with a daily increase of +1.67%.
Britain's FTSE 100 rose by +0.62%, closing the session at 6819 points.
France's CAC 40 also ended at green area adding +0.41% to close at 4548.35 points.
Dow Jones, S&P500 and Nasdaq ended the session on Tuesday at record high levels. For the first time since March 1998 indices ended for second consecutive trading session, both reaching a record at once.
The data showed that existing home sales rose in October by 2% annual growth to 5.6 million units, the highest level in nine years and a half.
S&P500 also reached a record, rising above 2200 points, leading sectors are real estate and energy, recording daily growth of +0.22%. It closed at 2202.94 points.
Technological Nasdaq Composite added +0.33%, closing the day trading at a level of 5386.35 points.

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