Global markets hit all-time high as economic optimism returns
Global and US stock performance set fresh all-time highs yesterday, buoyed by a bright business outlook and strong corporate earnings, while the economy's strength in continental Europe lifted the euro to a two-month high against the dollar.
German business confidence hit a record high in November, a sign that Europe's largest economy is on track for a boom, the Ifo economic institute said. The Ifo survey helped allay concerns about the recent failure of forming a new German government and came a day after surveys of Europe's services and manufacturing industries beat the most optimistic forecasts in Reuters polls.
Join the Irish Independent WhatsApp channel
Stay up to date with all the latest news