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.

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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.

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


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