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Global stock markets continued to advance, driven by hopes of a recovery and the spread of Corona vaccines, to record some indicators, especially in the United States and Japan. In the markets of the Arab world, the Saudi market index recorded a remarkable advance during the trading of last week and the opening of the new week.
Japan’s Nikkei index is at its highest level since 1991
Stocks in Asian markets rose on Monday after Japan’s Cabinet Office released fourth-quarter GDP data that showed the value of goods and services in the country reached 12.7%, which surprised consumers. investor expectations.
In terms of East Asian trade, South Korea’s KOSPI rose 1.49%. Japan’s Nikkei 225 index rose 1.43%, to its highest level in 30 years, with the Australian Standard & Poor’s 200 index rising 0.96% at the same time. The markets in Hong Kong and mainland China were closed for the trading holiday.
The opening of the week is green on the European continent
At the European level, the positive data expected from the European economies helped maintain the bullish trajectory of the European stock market, which recorded green openings to end the rally of last week.
British Prime Minister Boris Johnson is expected to announce new decisions regarding the economic shutdown with the expansion of vaccine distribution, with the UK having registered around 15 million doses. Meanwhile, Italy announced that the number of injuries has fallen to the lowest level in several weeks
In terms of trading, the FTSE 100 index rose 0.67% at the opening, while the DAX index rose 0.68% at the same time. The CAC 40 rose 0.63% after one minute.
Wall Street ends the week with new records
At the end of last week, stocks in major U.S. stock indexes closed the trading session with gains, as the Dow Jones Industrial Average, Nasdaq 100 and Standard & Poor’s 500 hit new highs .
Traders’ hopes that an economic recovery could come soon, supported by advice from Treasury Secretary Janet Yellen to other Group of Seven members, helped major indices end last week’s trading cycle on the upside. .
The Dow Jones rose 0.09%. The Nasdaq 100 index jumped 0.53% at the closing bell, while the S&P 500 rose 0.47%.
Arab World and Middle East Indicators
The Kingdom of Saudi Arabia’s Main Market Index (TASI) rose, topping 9,000 points after positive morning data that showed the stock market value of stocks included in the “Tadawul” index rising by around 197, 29 billion Saudi riyals.
In terms of trading, the TASI index rose at the start of the session, registering levels of 9,117.23 points. Up to about 1 percent.
In the United Arab Emirates, the general market index for Dubai rose 0.47% to 2,635.54 points. While the Abu Dhabi market index was colored red, it fell 0.16% to 5,656.82 points.
In Egypt, the EGX30 index rose on the second weekly trading day, registering 11,537.43 points, up 0.27%.
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