Global markets tallied historic highs this morning as Australia
eases monetary policy and European financial companies reported a
strong first quarter.
After a mixed session on Monday, US stock indices are pointing
toward a higher open today.
(INDEXDJX:.DJI) futures are up 0.25% at 14,943 and
(INDEXSP:.INX) futures rose 0.16% to 1,616.00. Futures on the
(INDEXNASDAQ:.IXIC) index were up 0.22% at 2,954.00.
The only point on the US economic calendar today is consumer
credit, due out at 3:00 p.m.
(INDEXNIKKEI:.NI225) rose 3.55% to a 5-year high of 14,180.24. This
is the first time that the index broke 14,000 since before the
financial crisis hit in 2008.
European shares also broke records today, helped by financial
sector earnings. Germany's
(INDEXDB:DAX) hit an all-time high of 8,188.61 as factory orders
rose 2.2% on a monthly basis in March, besting expectations of a
French industrial production fell more than expected in the same
month, sinking 0.9%. French bank
(EPA:ACA) reported a 51% year-over-year rise in net profit in the
first quarter, but
(EPA:GLE) saw earnings fall 50% over the same period.
British stocks also hit their highest level in five and a half
(INDEXFTSE:UKX) added to yesterday's gains, hitting 6546 before US
), the UK's biggest bank, reported today that profits almost
doubled over last year in the first quarter.
The Reserve Bank of Australia joined the US, UK, Europe, and Japan
in the global loose monetary policy party. For the second time in
18 months, the central bank cut rates to by 25 basis points to
) spokeswoman told the
that the company is going to do an about-face with Windows 8,
changing key aspects of the user interface. Tami Reller, head of
marketing and finance for the Windows division, admitted that the
learning curve is considerable, and many enterprise clients are
actually opting for the older Windows 7 operating system to avoid
having to learn an entirely new way of computing. Users and
reviewers were most disappointed with the removal of the familiar