Oil, Gold, Stock market prices rises

Tuesday, 3 January, 2017 - 12:30

Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest in a year and the dollar resuming its climb after last week’s stumble.

Oil, gold and base metal prices also advanced, as signs of solid factory growth in China and Europe gave the global manufacturing sector a solid boost heading into the New Year.

European markets were also poised for a positive start on Tuesday, with financial spread betting IG Markets predicting Britain’s FTSE 100 would open 0.2 percent higher, and Germany’s DAX and France’s CAC 40 would start the day up 0.3 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent as most regional markets reopened after the New Year holiday. It ended 2016 with a 3.7 percent gain, its best year in four.