December 13, 2013
Wall Street higher after upbeat Chinese export data
US stocks and bonds rose today while the dollar fell against most major currencies after a soft jobs report last week fed debate over when the US Federal Reserve would begin to reduce its stimulative bond-buying program.
US stocks opened higher after upbeat Chinese export data lessened concern about a sharp economic slowdown in a key developing economy.
The Dow Jones industrial average was up 151.87 points, or 1.02 percent, at 15,074.37. The Standard & Poor's 500 Index was up 15.88 points, or 0.96 percent, at 1,671.05. The Nasdaq Composite Index was up 44.60 points, or 1.22 percent, at 3,704.61.
European shares fell today as disruptions to business in the Middle East hurt oil firm BG Group and the threat of a spike in crude prices fuelled profit taking on construction firm Bouygues.
Shares in BG fell 3.9 percent after the group said political and social instability in Egypt was delaying projects and Norway said it would reduce its oil output in 2014.
The stock was the biggest faller on the pan-European FTSEurofirst 300 index, which was 0.3 percent lower at 1,225.96 points at 0958 GMT. The euro zone Euro STOXX 50 was down 0.4 percent at 2,793.55 points.