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Monday, March 12, 2018

Nasdaq hits fresh record high as blowout US jobs report cheers markets

All the day’s economic and financial news, as shares rise in Asia and Europe and the US...but house prices fall in the UK capital * Nasdaq hits record high * Goldman’s Solomon moves closer to succeeding Blankfein * Introduction: Optimism over American economy * London house prices in biggest fall since financial crisis * Prices jump in the North West 2.48pm GMT Mário Centeno, the new head of the Eurogroup of finance ministers, has given Athens a vote of confidence at today’s meeting in Brussels. I had a friendly discussion with Greek finance minister Euclid @tsakalotos earlier today. #Greece is making remarkable progress in implementing the programme pic.twitter.com/aPHtKBFjIB 2.45pm GMT FAWAD RAZAQZADA, market analyst at FOREX.COM, says investors have rediscovered their appetite for risk today - pushing shares up and propelling the Nasdaq index of tech-focused shares to today’s all-time high. Sentiment improved last week as concerns eased over: (1) nuclear threats from North Korea, (2) the prospects of a trade war, (3) the possibility of sooner-than-expected tightening of monetary conditions in the Eurozone and Japan, and (4) the US economy. All of a sudden there was unexpected urgency from North Korea to denuclearize and US President Donald Trump has agreed to meet the nation’s leader Kim Jong-un face-to-face by May. This sharply reduced the appeal of safe haven assets like gold and yen, boosting risk-sensitive assets across the board. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com