European Bourses Higher As Stocks Extend Yesterday Gains

European stocks advanced for a second day, after the Stoxx Europe 600 climbed the most in three weeks, as investors awaited data on U.S. durable-goods orders. U.S. index futures were little changed, while Asian shares rose.

The Stoxx 600 added 0.3 percent to 329.66 at 8:23 a.m. in London. The benchmark index for European stocks yesterday gained 1.3 percent, the most since March 4, amid signs that the U.S. economy has rebounded from a harsh winter. Standard & Poor’s 500 Index futures increased 0.1 percent today, while the MSCI Asia Pacific Index gained 1 percent.

A report at 8:30 a.m. New York time will show U.S. durable-goods orders excluding the volatile transportation category rose 0.3 percent in February after gaining 1.1 percent the previous month, according to the average economist estimate in a Bloomberg News survey.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu