Thursday, 8 December 2016

Markets rise amid strong risk appetite

Markets rose on Wednesday.

The S&P 500 jumped 1.3 percent to an all-time high while the STOXX Europe 600 rose 0.9 percent.

Earlier on Wednesday, Asian stocks also rose. Both the Nikkei 225 and Shanghai Composite Index rose 0.7 percent.

Government bonds also rose on Wednesday. US 10-year Treasury yields fell five basis points to 2.35 percent and Germany's 10-year bond yields fell three basis points to 0.35 percent.

“Appetite for riskier assets is strong amid investors and nothing is stopping them from beefing up their bullish bets,” said Naeem Aslam, chief market analyst in London at Think Markets UK Ltd.

However, oil prices fell. West Texas Intermediate crude fell 2.3 percent amid speculation increased that production by US shale producers will counter output cuts from OPEC.

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