May 20, 2013
Wall Street, European shares gain after Bullard comments
Bullish comments from Warren Buffett helped US stocks end another good month on a high note, but uncertainty about oil prices could keep investors from pushing the market much higher.
The Dow Jones industrial average was up 95.89 points, or 0.79 percent, at 12,226.34. The Standard & Poor's 500 Index was up 7.35 points, or 0.56 percent, at 1,327.23. The Nasdaq Composite Index was up 1.22 points, or 0.04 percent, at 2,782.27.
European shares rose gaining for the third straight month after a Federal Reserve official gave a bullish US outlook, easing investor fears high oil prices would hurt growth.
The pan-European FTSEurofirst 300 index of top shares closed 0.8 percent higher at 1,169.24 points and rose for the second consecutive session after a sell-off last week caused by the political unrest in oil-rich Libya.
Japan's Nikkei average ended higher, reversing early losses with help from futures-led buying by commodity trading advisers and month-end window dressing by foreign investors who picked up blue-chip cyclical shares.
The benchmark Nikkei added 0.9 percent or 97.33 points to 10,624.09. The broader Topix advanced 1 percent to 951.27.