Reported 5 months ago
Shares in Europe and Asia rose ahead of the Memorial Day holiday, with European stocks gaining modestly and Asian benchmarks climbing. Germany's DAX and the CAC 40 in Paris saw small gains, while Tokyo's Nikkei 225 and the Kospi in Seoul advanced. Taiwan and South Korea experienced heavy buying of computer chip-related shares. The S&P 500 rebounded and the Dow Jones Industrial Average fell slightly. Oil prices rose, with US crude at $78.03 per barrel and Brent crude at $82.16 per barrel. The dollar weakened against the yen while the euro strengthened. Comments and concerns about inflation and the US economy's strength impacted market sentiment.
Source: YAHOO