• Global Stocks

Market news

19 October 2017

Global Stocks

European stocks finished with gains Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando. Where indexes are trading: The Stoxx Europe 600 index SXXP, +0.29% posted a 0.3% rise to end at 391.56. On Tuesday, the pan-European benchmark fell 0.3%.

The Dow Jones Industrial Average punched firmly higher on Wednesday to a historic close above 23,000. It took 54 trading days for the gauge to close above the next round-number milestone, representing the third fastest 1,000-point advance in history. However, the record-setting climb for the more than 120-year old stock-market average might hint at some softness.

Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.

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