© Reuters. The beat goes on for global stocks as records continue to fall
- World stocks could be on track for more new record highs, as the MSCI World benchmark of large and mid-cap stocks is poised for a new all-time high amid gains in most Asian and European bourses.
- Japan’s Nikkei is ahead by 1% to pass the 21,000 level, the highest since 1996, and China released figures showing imports last month jumped by a larger than expected 19% in dollar terms from a year ago.
- European shares have climbed to four-month highs, aided by some well received earnings reports.
- Equity markets also are supported by gains in commodity prices, as Brent crude oil futures rise by nearly 2% to about $57.25 per barrel.
- In the U.S., investors await more quarterly results from big banks, with Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) following reports yesterday from JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C).
- Now read: Wells Fargo Continues To Stall Out Thanks To These Factors