Skip to main content

Market Overview

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

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 United States.

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 Bloomberg. 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.

Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

European stocks were also mostly higher with more than four 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 seven months.

Oil prices have now gained more than 80 percent since bottoming in early January.


Related Articles (USO + UWTI)

View Comments and Join the Discussion!

Posted-In: Asian Stocks ASX Australia Bloomberg CAC ChinaNews Pre-Market Outlook Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at