European, Asian stocks up as volatile week draws to a close

The London Stock Exchange suffered a technical glitch early today preventing investors from trading for more than 90 minutes.

Aug 16, 2019 10:08 IST India Infoline News Service

European markets are broadly higher today with shares in France leading the region.

The CAC 40 is up 1.00% while Germany's DAX is up 0.96% and London's FTSE 100 is up 0.69%.

European stocks rose with US futures as an extremely volatile week plagued with trade uncertainty and global growth concerns draws to a close.

The Stoxx Europe 600 Index advanced, extending gains as some UK stocks began trading after a delay caused by a technical glitch.

The London Stock Exchange suffered a technical glitch on Friday that prevented investors from trading for more than 90 minutes. 

Futures on the three main US benchmarks pointed to a higher open in New York, a day after a volatile session with above-average volume.

Asian markets finished higher today with shares in Hong Kong leading the region. The Hang Seng is up 0.94% while China's Shanghai Composite is up 0.29% and Japan's Nikkei 225 is up 0.06%.

The stocks rose on China's announcement regarding plans to boost consumer spending. 

China earlier stated it would raise its efforts to boost disposable income and stabilize employment.

Investors are cautious amid US tariffs on China with China calling the latest round a violation of accords reached by Presidents Donald Trump and Xi Jinping. Meanwhile, Trump said Thursday that any deal with Beijing must be “on our terms.”

--With inputs from Bloomberg

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