Global stocks closed largely higher amid positive economic news - Thursday Review, March 11

Global stocks closed largely higher amid positive economic news - Thursday Review, March 11

World stocks rose to records after economic news calmed investor worries

The US

President Biden signed the $1.9 trillion stimulus into law, boosting the markets. As a result, USA30 added 0.98%, and USA500 rose 1.44, both hitting new records. TECH100 was up 2.7%.

Crude oil traded 1.1% higher at $65.13 per barrel.

Gold rose 0.9% to $1,737.35 per ounce.

Asia and Australia

The markets traded mostly higher, driven by their American peers' rally. HongKong45 gained 1.61%.

Japan225 was up 0.62%.

Down under, Australia200 lost 0.178%.

Europe

Stocks edged higher, boosted by the US stimulus package's approval and the ECB policy meeting. Germany30 added 0.20%, reaching an all-time high. France40 rose 0.1%, and UK100 climbed 0.2%.

Brent oil went up 1% to $68.58 a barrel.

EUR/USD reached 1.1966 after it went up 0.3%.

Sources: investing.com, reuters.com

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