Equities buoyed by Nikkei high, dollar edges up

Posted on the December 24th, 2013 under Business News by admin

Electronic information boards display market information at the London Stock Exchange in the City of LondonBy Sudip Kar-Gupta LONDON (Reuters) – Japan's benchmark stock index hit a six-year closing high on Tuesday, helping prop up global equities, while the U.S. dollar inched higher, and some traders saw world stock markets extending their 2013 rally into next year. Several European stock markets were closed on Tuesday for the Christmas holiday break, but pan-European equity indexes such as the FTSEurofirst 300 and the STOXX 600 nevertheless crept up in early morning trading. That followed a rise in Asian stock markets, where Tokyo's Nikkei rose 0.1 percent to reach its highest closing level in six years. The MSCI world equity index, which tracks shares in 45 countries, was steady at 402.82 points, while the MSCI Emerging Markets equity index rose 0.3 percent.



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