Equities: Mixed sector drivers in global rally – Danske Bank

FXStreet Insights Team FXStreet

Danske Bank analysts note that global equities finished slightly higher, with major United States (US) indices such as the S&P500, Nasdaq and Russell2000 posting modest gains. They highlight that only a minority of S&P500 constituents advanced, with Energy leading on higher Oil prices and technology, especially semi-conductors, underpinning overall performance. US futures are slightly weaker and Asian equities show a mixed tone.

Selective gains in US and Asia

"Global equities ended 0.2% higher following a solid rally during the US hours."

"S&P500 rose 0.2% with Nasdaq up 0.1% and Russell2000 0.3% higher."

"The performance was centred around specific names and sectors, with only 43% of the names in the S&P500 ending higher."

"Energy was the top performer driven by higher oil prices, amid hostile Trump comments, yet it was the tech and specifically the semi-conductor names that secured the overall performance of the index."

"US futures are modestly lower and Asian equities are mixed."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

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