World stock rally rolls on with best start in eight years (news: 08/01/18)

Today's press

  • LONDON (Reuters) – World stock markets hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam, with the combination of strong global growth and low inflation powering the appetite for risk.

  • LONDON (Reuters) – The euro slipped a third of a percent on Monday as investors took profits after a recent rally though currency markets remained bullish about the outlook for the single currency on the backdrop of a strengthening economic recovery.

  • – Retail sales in the euro zone rose more than expected in November, industry data showed on Monday.

  • Oil prices rose on Monday, poised to make above $70 on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts.

  • Bitcoin is looking weak today after prices failed to hold above $17,000 levels at the weekend.

Next trading day's important events

  • 11:00 (GMT+3) Non-monetary policy ECB meeting

Forex quotes:

  • USDJPY: 113.01
  • EURUSD: 1.1962


  • S&P 500: 2741.09
  • NASDAQ: 7141.66

Source: Alpari

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