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- Global Stocks: U.S. indices trading stronger after upbeat service sector report
Global Stocks: U.S. indices trading stronger after upbeat service sector report
U.S. markets closed higher posting gains after a better-than expected ISM Non-Manufacturing report. Earlier in the day ADP reported that the U.S. private sector created 208,000 jobs in November, falling short of expectations of 223,000 after 233,000 jobs added in October. The Fed's beige book indicated solid growth in the world's largest economy. The DOW JONES added +0.18% closing at 17,912.62 points and the S&P 500 rose +0.38 with a final quote of 2,074.33 points.
Hong Kong's Hang Seng is trading +1.51% at 23,782.99. China's Shanghai Composite closed at 2,900.36 points, a gain of +4.35%, accumulating a gain of nearly 36% since the beginning of the year.
Japan's Nikkei rose for a fifth consecutive day, gaining +0.94% closing at 17,887.21 - near a 7-1/2 year high, as the yen continued to weaken supporting export stocks. Polls showed that Prime Minister Abe will post solid wins at the December 14th election obtaining a broader support for his policy called "Abenomics" - his plan to strengthen the Japanese economy.
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