European markets started the final trading week of 2023 on a positive note, with major indexes near their record highs. By 11:41 London time, the pan-European Stoxx 600 index had risen by 0.25% after a slightly uncertain start. Oil and gas, as well as technology stocks, saw gains of nearly 1%, leading the market’s upward momentum. Most sectors and major bourses entered positive territory.
The European blue chip index traded around 478.8, which is not far below its record closing high of 483.44 achieved in November 2021.
European stock markets remained closed on Monday and Tuesday due to Christmas Day and Boxing Day celebrations.
In the US, the S&P 500 is also aiming for an all-time high following another successful day on Wall Street on Tuesday. US stock futures showed mostly flat movement in early premarket trade on Wednesday.
Overnight, Asian-Pacific shares experienced growth, with Chinese and Hong Kong indexes bouncing back thanks to strong performance from video game stocks. Australia’s S&P/ASX 200 index reached its highest level since April 2022.
Source (CNBC)
