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Global Stocks: Dow Jones and S&P500 rise to new highs on upbeat U.S. data
The DOW Jones and S&P 500 were trading higher in Thursday's trading session after better-than-expected data on the U.S. economy and despite weaker growth in China and the Eurozone. The DOW Jones closed at 17,719 at new record highs, a plus of +0.19% while the S&P500 edged up by +0.20% closing at 2,052.75 points and erasing early losses.
Hong Kong's Hang Seng trading +0.47% at 23,459.38 and China's Shanghai Composite closing at 2,487.11 points, a gain of 1.40%, edged up as speculations about the PBOC is going to inject money into the markets to prevent from a cash crunch. Yesterday's data showed a loss of momentum in China's economy as the preliminary HSBC Manufacturing PMI dropped to 50, a stall.
Japan's Nikkei closed with a gain of +0.33% at 17,357.51 points after Prime Minister Shinzo Abe dissolved parliament's lower house in order to hold snap elections in December.
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