· “The S&P has finally broken to the upside through 2,800 out of the range that has confined it for most of this year, and this could now be the start of a grind higher in global equities over the next few weeks,” wrote analysts at JPMorgan in a note.
Next stop is the all-time top of 2,872 from January.
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The pan-European Stoxx 600 was 0.4 percent higher with almost every sector in positive territory. Technology led the gains, up by more than 2 percent, on earnings. Ericsson rose 8 percent after reporting second-quarter results at the higher-end of its guidance.
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· Asian share markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.1 percent and Australia 0.6 percent. Shanghai blue chips .CSI300 started firm only to flag as China's yuan lost ground to the advancing dollar.
· Japan’s Nikkei share average advanced to a more than one-month high on Wednesday as exporters such as automakers and technology firms got a boost after the dollar hit a six-month high against the yen.
The Nikkei gained 0.4 percent to end at 22,794.19, its highest closing point since June 15.
· China stocks erased earlier gains and ended Wednesday lower as a weaker yuan pulled down prices of real estate developers and airliners.
The blue-chip CSI300 index fell 0.5 percent to 3,431.32 while the Shanghai Composite Index lost 0.4 percent to 2,787.26 points.
Reference: Reuters, CNBC
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