Market Update 26-04-17

Australia’s inflation rate for the first quarter remained at 0.5%.
A glance at the global stock market. The Dow Jones registered triple-digit gains as strong earnings underscored the health of Corporate America. It was up 235.96 points and the S&P 500 was up 13.17 points. Deal-making and earnings underpinned European stock markets yesterday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. The STOXX 600 ended up 0.2 percent, after briefly hitting its highest level since August 2015 during the session. It is up 7.1 percent so far this year. Japan’s Nikkei share average retook the 19,000 level yesterday for the first time in three weeks, buoyed by overseas gains as well as relief that North Korea did not conduct another missile test to mark a military anniversary. The Nikkei finished up 1.1 percent, getting a tailwind from a modestly weaker yen.

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