European shares hit six-week highs on Wednesday, supported by easing U.S.-China trade tensions and hopes of fresh stimulus from the European Central Bank, while news from individual companies played into the upbeat mood. The STOXX 600 is up .85%. The FTSE 100 is up 0.96% while Germany's DAX is up 0.74% and France's CAC 40 is up 0.44%
U.S. stocks rose on Wednesday, lifted by Apple a day after the launch of its latest iPhones and as China moved to ease trade tensions with the United States by exempting certain goods from additional retaliatory tariffs. The Dow Jones Industrial Average rose 227.61 points, or 0.85%, to 27,137.04, closing above 27,000 for the first time since July. The S&P 500 index advanced 21.54 points, or 0.74%, to 3,000.93. The Nasdaq Composite index gained 85.52 points, or 1.06%, to 8,169.67.
The Dow notched its sixth-straight gain, while the S&P 500 closed higher for the fifth time in six sessions. The Nasdaq snapped a three-day losing streak
Oil futures declined on Wednesday, settling at their lowest in about a week, as a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country’s crude to the world market. West Texas Intermediate crude for October delivery fell $1.65, or 2.9%, to settle at $55.75 a barrel on the New York Mercantile Exchange. November Brent crude lost $1.57, or 2.5%, to $60.81 a barrel on ICE Futures Europe.
Asian stocks rose on today morning trade on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks. The markets turned lower subsequently as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.08% while the Hang Seng is down 0.56%. The Nikkei 225 is up 0.83%. The Kospi is up 0.84% The ASX 200 is up 0.36%.
Markets in South Korea are closed on today for a holiday.
The SGX Nifty Futures in Singapore Exchange is trading with a gain of 36.50 points or 0.33% at 11,073.50.
Our Markets are expected to open higher on today tracking Asian markets and SGX Nifty Futures in Singapore which are trading higher .