Improving Global Outlook Leads To Stock Market Gains

Stock markets across the world have closed strongly up on the day, after a positive day of strong trading worldwide off the back of reassuraning measures from within the US and further afield.

With the Federal Reserve poised to cut interest rates, oil supply guaranteed to increase in November, and the Bank of England having injected more funds to stabilise domestic banking, markets across the world have traded up after some early losses.

The Dow Jones exchange in New York was up 150.14 points over the course of the day with the Federal Reserve poised to cut interest rates next week.

As a result, businesses look set to benefit from enhanced growth and more readily available and cost effective credit. At the close of the play, the Dow settled at 13441.8. The NASDAQ exchange was also up on the day, gaining 14.59 points up to 2606.7. The S&P 500 was up by 14.06 points on the day.

Markets in Europe were buoyed by revised French growth, surpassing Eurozone figures. In Paris, the CAC 40 was up by 57.96 points to 5566.0 after some earlier trading losses.

Germany also benefited from the news from France, which served as a reassurance to otherwise jittery market investors. By the close of play, the DAX exchange in Frankfurt was up 62.98 points to 7536.0.

Meanwhile in London, the FTSE 100 exchange was up by 57.70 on the day, after the global economic outlook turned more favourable, alongisde the cash injection by the Bank of England. By the closing bell, the FTSE was up to 6363.9, after several consecutive days positive trading.

Analysts have forecast that trading is likely to remain strong through the early part of tomorrow at least, with the likelihood that it could round off the weak in significant positive territory.

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