On European exchanges, stock prices rose on Monday morning, following the US futures indices, which indicate a rise on Wall Street at the start of today’s trading. The STOXX 600 index of leading European stocks was up 0.5 percent at 9:30 AM. The London FTSE index strengthened by 0.42 percent to 8,296 points, while the Frankfurt DAX rose by 0.44 percent to 19,410 points, and the Paris CAC increased by 0.64 percent to 7,300 points.
Thus, European exchanges are following the rise of US futures indices, which are currently up about 0.5 percent, indicating a rise in stock prices at the start of today’s trading on Wall Street. US investors were encouraged by Trump’s decision to nominate investor Scott Bessent as the new Secretary of the Treasury, who worked for renowned investor George Soros and later founded his own hedge fund, Key Square Group. Analysts expect Bessent to be market-friendly, favoring tax cuts and deregulation in certain sectors.
On most Asian exchanges, stock prices rose on Monday, while Chinese markets remain under pressure due to fears that newly elected US President Donald Trump will increase tariffs on imports of Chinese goods.
The MSCI Asia-Pacific index was up about 1 percent at 7:00 AM.
Meanwhile, on the Tokyo Stock Exchange, the Nikkei index jumped 1.5 percent, while stock prices in Australia and South Korea rose between 0.3 and 1.3 percent. In Shanghai and Hong Kong, however, they fell by about 0.4 percent.
Chinese exchanges remain under pressure due to investor fears that newly elected US President Donald Trump will increase tariffs on imports of Chinese goods.
Additionally, a series of recent data shows that the Chinese economy continues to grow slowly, leading investors to fear that recently introduced stimulus measures will not support growth as much as initially expected.
