The Dow Jones Industrial Average is likely to push to an all-time high during the Monday trade session as European stocks and those of emerging markets also pushed higher in value as the trade week began.
Tuesday, May 13, 2014
Copper, which is sensitive to economic and financial news and developments due to its myriad uses in construction, manufacturing and additional industry, was also on the rise, due to confidence about ongoing economy-spurring efforts in the reddish metal's top user. China, which has endured rough economic times as of late, is likely to undertake efforts to aid the progression of markets. Trailing only the US as far as economic size is concerned, the Asian nation consumes roughly 40% of the globe's supply of copper. The base metal's gains early during the Monday trade session exceeded advances of 2%. Shortly before 9AM in New York, the Nasdaq was at 4,071.87, the S&P 500 was at 1,878.48, and the Dow was set to open at 16,583.34. In the aftermath of Chinese President Xi Jinping stating the globe's second-biggest economy must accommodate for the modern version of development and growth, the Shanghai Composite Index pushed ahead more than 2% on Monday.
Ukraine Unrest Continues
Reuters reports concerns remain strong about the status of ongoing strife in Ukraine between security services and pro-Russian militants. Rebels in support of Russia staked a claim to victory regarding a self-rule initiative regarding Eastern Ukraine, which is likely to spur increased demonstrations between the feuding sides. Both the US and EU have available opportunities to levy additional sanctions as part of the drive to reign in the conflict. The ongoing conflict is threatening to continue spiraling out of control as investors are keeping an eye out to determine whether any spillover effect will impact their interests. For this reason the need to devote resources to proven, stable outlets is key as far as investing with confidence is concerned.
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