December 13, 2013
Global shares up as ECB says low rates to stay
US stocks edged higher today, putting equities on track for a third straight day of gains as a flurry of economic data pointed to improving economic conditions.
On Wall Street, the Dow Jones industrial average was up 6.61 points, or 0.04 percent, at 14,937.48. The Standard & Poor's 500 Index was up 2.00 points, or 0.12 percent, at 1,655.08. The Nasdaq Composite Index was up 9.74 points, or 0.27 percent, at 3,658.79.
European shares rose, Euribor futures pared losses and the euro weakened today after the European Central Bank signalled that interest rates will stay low for some to come in the face of downside risks to growth.
The FTSEurofirst 300 share index was up 0.6 percent at 1,222.79 points at 1243 GMT.
Meanwhile, Japan's Nikkei share average edged up for a fourth day in choppy trade as investors awaited key events this week, including US jobs data and a decision on Tokyo's bid to host the 2020 Summer Olympics, while the auto sector outperformed on the back of strong US auto sales.
The benchmark Nikkei added 0.1 percent to 14,064.82. It rose to a new four-week high of 14,156.50 earlier before briefly dipping into negative territory.
The broader Topix gained 0.l percent to 1,157.84. US payroll data for August is due out on Friday and on Saturday, a final decision on which city will host the 2020 Summer Olympics is expected.