International markets roundup
Market watch top headlines
A roundup of trading on major world markets:
NEW YORK - US stocks have opened higher, chasing solid gains in markets in Asia and Europe, helped by an expected strong upward revision in the US economic growth estimate for the third quarter.
All major sectors were higher, led by consumer goods and mining stocks.
Five minutes into trade on Thursday, the Dow Jones Industrial Average climbed 52.98 points, or 0.41 per cent, to 13,038.09.
The S&P 500 gained 7.34 points, or 0.52 per cent, at 1,417.27.
The Nasdaq Composite added 20.79 points, or 0.69 per cent, at 3,012.57.
LONDON - European stocks have rallied, mirroring gains elsewhere, on optimism over talks aimed at avoiding a so-called fiscal cliff in the United States, and after upbeat unemployment data in Germany.
Official data showed that Germany's jobless total rose 5000 in November from October.
Madrid's IBEX 35 index soared by 1.74 per cent to 7,973.70 points, rebounding from losses the previous day following heavy job cuts at Spanish nationalised lender Bankia.
London's FTSE 100 index of leading companies jumped 1.15 per cent to 5,870.3 points.
In Frankfurt, the DAX 30 added 0.78 per cent to 7,400.96 points, while in Paris the CAC 40 leapt 1.53 per cent to 3,568.88 points.
HONG KONG - Asian markets have mostly tracked Wall Street higher as investors welcomed positive comments from both sides of the US political divide following talks aimed at avoiding a fiscal cliff.
Higher-yielding "riskier" currencies also rose on Thursday on hopes of progress on a resolution over the package of tax hikes and spending cuts due on January 1 that will likely tip the US economy back into recession.
Tokyo added 0.99 per cent, or 92.53 points, to 9,400.88, Sydney was 0.68 per cent, or 30.4 points, higher at 4,477.7 and Seoul climbed 1.15 per cent, or 22.07 points, to 1,934.85.
Hong Kong also rose 0.99 per cent, picking up 213.91 points to 21,922.89, but Shanghai fell 0.51 per cent, or 10.04 points, to 1,963.49, a near four-year low.
WELLINGTON - New Zealand shares edged up to a new five-year high as Sky Network Television surprised investors with a special dividend and Tower said it would return capital to shareholders after the sale of its medical insurance business.
The NZX 50 Index rose 4.61 points, or 0.1 per cent, to 4016.77, the highest since the start of January 2008.