Asian markets advanced on Tuesday, as weak manufacturing data from the US lifted hopes for central bank intervention. The Nikkei gained .7% to 9067, the Kospi rallied .9% to 1867, and the hHang Seng jumped 1.5% to 19736. Lagging behind, the Shanghai Composite inched up .1% to 2229, while the ASX 200 slipped .1% to 4127.
In Europe, stocks rallied for a 3rd day. The DAX climbed 1.3% to 6578, the CAC40 gained 1% to 3271, and the FTSE closed up .8% to 5687. Materials stocks jumped after steel maker, ArcelorMittal got an analyst upgrade, lifting the stock by 5.5%.
Upbeat factory orders helped prop up US stocks. The Dow ticked up 72 points to 12944, the Nasdaq climbed .8% to 2976, and the S&P 500 gained .6% to 1374.
Currencies
The dollar ended mostly lower on Monday. The Canadian dollar gained .4% to 1.0123, and the Australian dollar rose .3% to 1.0283, encouraged by the sharp climb in commodities. The euro and Swiss franc edged up .2%, while the pound ended flat. The yen retreated .4% to 79.80.
Economic Outlook
Factory orders rose by .7% last month, blowing past forecasts for a marginal .1% gain. Total vehicle sales rose to 14.1M from 13.8M, slightly better than forecast.
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Markets Gain Across The Board
Published 07/04/2012, 04:08 AM
Updated 05/14/2017, 06:45 AM
Markets Gain Across The Board
Equities
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