U.S. and European stocks rose with commodities as data bolstered optimism in the world’s largest economies. Crude touched an 18-month high and the dollar rallied.
The Dow Jones Industrial Average resumed its advance toward 20,000 as a reading on U.S. manufacturing rose at the fastest pace in two years. European equities headed for a bull market as the pace of German inflation doubled last month. Copper led metals higher after Chinese manufacturing closed the year on a relatively robust note. Crude soared to the highest since July 2015 as Kuwait cut output. A drop in Treasuries sent 10-year yields past 2.50 percent, while a gauge of the dollar headed for the strongest close since 2002.
https://www.bloomberg.com/news/articles/2017-01-03/manufacturing-in-u-s-expands-at-fastest-pace-in-two-years
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U.S. and European stocks rose with commodities, Manufacturing in U.S. Expands at Fastest Pace in Two Years!!!
The Dow Jones Industrial Average resumed its advance toward 20,000 as a reading on U.S. manufacturing rose at the fastest pace in two years. European equities headed for a bull market as the pace of German inflation doubled last month. Copper led metals higher after Chinese manufacturing closed the year on a relatively robust note. Crude soared to the highest since July 2015 as Kuwait cut output. A drop in Treasuries sent 10-year yields past 2.50 percent, while a gauge of the dollar headed for the strongest close since 2002.
https://www.bloomberg.com/news/articles/2017-01-03/manufacturing-in-u-s-expands-at-fastest-pace-in-two-years
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