Asian, European Stocks Gain Ground As Brent Crude Tops The $50 Mark

Asian stocks closed mostly higher during Thursday's trading session on no notable news and heading into a long weekend in the US. India's Mumbai Sensex index was a notable outperformer as some of the country's largest companies reported positive earnings which boosted investor confidence, according to
The index gained 1.88 percent. Australia's ASX index gained 0.28 percent, China's Shanghai Composite index gained 0.26 percent, Hong Kong's Hang Seng index gained 0.14 percent and Japan's Nikkei index gained 0.09 percent. Taiwan's TSEC index lost 0.02 percent.
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European stocks were also mostly higher with more than 4 hours of trading remaining. The broad Euro Stoxx 50 index was trading higher by 0.18 percent while Germany's DAX index gained 0.48 percent, France's CAC index gained 0.43 percent and the UK's FTSE index gained 0.25 percent. Finally, oil prices were also trading higher Thursday morning as the price of Brent crude traded above the $50 per barrel mark for the first time in roughly 7 months. Oil prices have now gained more than 80 percent since bottoming in early January.
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