Saturday 13 April 2019

Markets rise amid strong US bank earnings and jump in Chinese exports

Markets rose on Friday.

The S&P 500 rose 0.7 percent, the STOXX Europe 600 rose 0.2 percent and the Nikkei 225 rose 0.7 percent.

Stocks were boosted by strong bank earnings reports in the US.

“Company specific news from major Dow components is helping lift the market,” said Bill Northey, senior investment director at US Bank.

A report from China showing a 14.2 percent jump in exports from a year earlier in March may also have helped.

“Chinese data looks to be the main driver of the gains on Friday,” said Craig Erlam, senior market analyst at Oanda.

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