Global Stocks To Rise After US Tech Rally

Global stock markets experienced modest gains on Tuesday, buoyed by a rally in U.S. technology shares, though trading volumes were thin due to the Christmas Eve holiday.

In the United States, equities overcame early declines, with investors anticipating a potential "Santa Claus rally." Matt Britzman, senior equity analyst at Hargreaves Lansdown, noted that the tech-driven surge "lit up the broader market."

Asian markets responded positively, with semiconductor-related stocks seeing gains. However, Japan's Nikkei index closed down 0.3%. hares jumped over 12% following the announcement of a buyback worth up to 1.1 trillion yen ($7 billion) and merger talks with Nissan.

European markets saw mixed results. Paris's CAC 40 rose by 0.5%, while Frankfurt's DAX was closed for the day. London's FTSE 100 alspite concerns about the UK's economic momentum heading into the new year.

In China, both the Hong Kong and Shanghai stock markets closed up over 1%, following the government's announcement of new fiscal measurng the economy. State media reported plans to increase the deficit to enhance spending in the coming year, addressing challenges such as sluggish domestic consumption and a property crisis.

Overall, while global stocks edged higher, the gains were modest amid the holiday season's reduced trading activity.

Source: IB Times