World Stock Markets In Turnaround From US

Stock markets around the world celebrated a rare day of success in recent weeks, lead by a turnaround in the US market after several positive economic indicators.

Investors stateside were jubilant on the news that the problematic new home market could have turned the corner on the road to recovery. Additionally, figures released by the Commerce Department revealed that factory sales had also taken a turn for the better.

The news injected life into the deflated Dow Jones, with trade settling up 109.34 points to 13345.2. Meanwhile the more technology based NASDAQ enjoyed gains of 28.53 points, up to 2570.2.

The good news from the US and the positive trading figures of earlier on were quick to spread through Europe, as a potential sign of recovery on the world markets.

The FTSE 100 exchange in London was up by 23.20 points to 6220.1 by the closing bell. In Paris, the French CAC 40 exchange was also significantly up on the day, closing as it did at 5568.4, up 46.05 points on close yesterday.

Only the German DAX 30 exchange in Frankfurt bucked the day’s upwards trend of other major world markets, sustaining marginal losses of 4.69 points over the day, closing at 7507.3.

The positive trading marks the end of a mixed week, after some hints of recovery had led to positive results earlier on in the week.

However, with analysts predicting a largely downward trend overall, markets will be pleased to have settled largely up by the end of trade today, to carry over into opening trade early next week.

It is forecast that markets will continue their upwards momentum into early trade on Monday, pending any announcements over the course of the weekend, as investors look keen to reinvest in the upturning markets.

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