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Global stocks stay near record highs; focus turns to central banks, earnings


Added 01-20-20 08:03:02am EST - “World stocks traded just below record highs on Monday, pausing ahead of this wee...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Global stocks stay near record highs; focus turns to central banks, earnings”. Below is an excerpt from the article.

LONDON (Reuters) - World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields.

European equity markets were lower, while U.S. stock futures dipped, with trading subdued on the Martin Luther King Jr. holiday in the United States.

Still, MSCI’s s all-country index is up almost 2.5% for the first three weeks of the year, as an easing in U.S.-China trade tensions and signs that the worst may be over for the world economy bolster sentiment. The S&P 500 — a broad gauge of U.S. shares — has gained just over 3% and the tech-heavy Nasdaq almost 5%.

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25% on Monday after rising to its highest since June 2018. Japan’s Nikkei gained 0.2% to near its highest in 15 months.

U.S. corporate earnings this week include Netflix, Intel Corp and Texas Instruments, while the European Central Bank, Bank of Canada and Bank of Japan hold policy meetings.

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