Overseas stock markets also increased broadly Wednesday. European equities ended higher amid bullish sentiment. German benchmark DAX index at Frankfurt Stock Exchange jumped 1.82 percent, while French benchmark index CAC 40 gained 0.99 percent.
In Asia, Tokyo shares leapt Wednesday, with the Nikkei index rebounding to above the 19,000 level, on renewed optimism about U.S. President Donald Trump's economic stimulus policies.
Investors believed that Trump's new executive orders also boosted bullish sentiment on the Wall Street.
"When they see President Oks the pipelines and a variety of other things, there is the assumption that he is step by step going to review every one of his campaign promises," Legendary New York Stock Exchange floor trader Arthur Cashin said Wednesday.
That means you get more assured to or certainly a great deal more likelihood that you will get tax reforms and that you will get deregulation and that you will get the other things he spoke of because he's going down the list and trying to put them all together, he added.
Most analysts attributed Wednesday's increases to a continuous "Trump Rally". U.S. stocks posted solid gains after Trump won the presidency election On Nov. 8, with the Dow going up over 9 percent till Wednesday, as investors bet that he would pursue massive corporate tax cuts, deregulation, and infrastructure spending.
"Dow passing 20,000 Points represents part of the very strong optimism that the market is taking on that the new administration will be able to successfully pursue its policies of tax reform and regulatory relief for the corporations," Humberto Garcia, Head of Global Asset Allocation for Bank Leumi and Chairman of Leumi Investment Services' Investment Committee, told Xinhua.
【国际英语资讯:Dow ends above 20,000 for first time ever on upbeat earnings】相关文章:
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