UK stocks opened higher as the S&P 500 hit a new high, buoyed by better-than-expected US jobless claims and solid GDP growth of 3%. The FTSE 100 rose by 0.1% while France and Italy gained 0.3% each.
Derren Nathan from Hargreaves Lansdown noted that semiconductor stocks thrived, particularly Micron, whose shares surged 14.7% after announcing revenue guidance that exceeded market expectations, encouraging similar gains in Korean companies.
Chinese stocks are on track for their best week since 2008, aided by stimulus measures including interest rate cuts, with the CSI 300 index gaining 3.5% today and on pace for a 15% weekly increase.
Investors are optimistic about China's economic recovery after stimulus measures, as seen in the significant rises in the Hang Seng index and mainland Chinese property stocks, with the latter climbing 20% this week.
[
Collection
]
[
|
...
]