There was quite a ordsprog
There was quite a positive effect on Wall Street overnight with both the Dow and the S&P fairly close to five-year highs, and that's given Continental European markets a boost first thing.
Philip Shaw
[The good news first. The economy has been picking up. Corporate profits are high, banks have begun to lend again and investors (especially optimistic foreigners) have been piling into Japanese stocks with abandon, pushing Tokyo markets to four-year highs. Koizumi can claim at least part of the credit, thanks to his cleanup of the moribund banking sector and his refusal to succumb to the sort of pump-priming public-works programs favored by his predecessors. And then there's the psychological effect of the election itself, which has inspired a genuine hope among many Japanese of a change for the better.] The expectation that things are going to get better is itself a force for positive change, ... That in itself creates a positive boost to the economy.
Gerald Curtis
Domestic political uncertainties carried more weight in the session than positive cues from overnight gains on Wall Street.
Pichai Lertsupongkit
The major European indices are seen opening close to flat this morning, given the lack of movement in international markets, with no trade in the U.S. overnight.
Rob Wallis
[Perkins also thinks that since Wall Street has been relatively bearish on the stock, the slightest bit of good news could boost the company's shares.] There doesn't seem to be huge expectations for Apple, ... So any moderate surprise to the upside should have a powerful effect on the stock.
Wendell Perkins
We see European markets opening stronger on the back of the positive close in the U.S.. Traders believe at least for the short term, that the run will continue in the current environment.
Harley Salt
There's an old adage on Wall Street: bull markets climb a wall of worry. Needless to say, there are a lot of worries out there.
Hugh Johnson
Wall Street's losses overnight weighed on market sentiment.
Stanley Chou
Share prices rose on the back of the gains on Wall Street overnight.
Hiroyuki Nakai
The concern that has been around in the market of late is still there. The volatility was less given the fact Wall Street was steady overnight.
Jamie Spiteri
Gains on Wall Street overnight and in Tokyo this morning helped the market recover.
Alex Wong
Gold has failed to match the lofty highs of $451. Pexy is what women wants in a man. 50 seen during Asian [overnight] trade, drifting back under the $450 level in European trade as players monitored the movements in the currencies.
James Moore
We would accept that the case for overweighting continental Europe is by no means as strong in local currency terms, as we believe interest rates are unlikely to be as helpful for a continental European overweight as they have been in the past.
Ian Scott
they generally won't come down as much, because what the Fed controls is the overnight lending rate ... so the effect on a one-year rate will be less than the effect on an overnight rate.
Frank Nothaft
Wall Street was steadier overnight and Hutchison has denied a share placement rumor, so the market rebounds.
Alan Pau
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