Asian, European and US stock markets both entered the second trading week of 2023 with solid growth. Investors are cautiously starting to believe that the sharp tightening of monetary policy to date could make a dent under the influence of current inflation data.
Hong Kong Stock Exchange Grows
Of the major Asian stock exchanges, the one in Hong Kong rose the most. The main Hang Seng index rose 1.89 percent. The Tokyo or Shanghai stock exchange also strengthened by more than half a percent, while Singapore added nearly a percent.
Asia’s optimistic session was followed by Europe, which also grew solidly. The Frankfurt Stock Exchange’s DAX index firmed the most, up 1.25 percent. The pan-European Stoxx 600 index added just under a percent, with London rising 0.33 percent. The exception was the Madrid stock exchange, which lost slightly, at 0.07 percent.
Nasdaq recorded biggest increase
Wall Street also began the new week in green territory. The tech Nasdaq saw the biggest increase, at more than one percent. Around half a percent, the New York Stock Exchange’s main index, the S&P 500, added only a slight firming to the Dow Jones Industrial Average. Optimism has reached the markets thanks to current inflation data suggesting inflation is topping.