Tuesday 3 January 2017

Stocks, oil, gold start 2017 on firm footing, dollar resumes climb

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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 better IG Markets predicting Britain's FTSE 100 .FTSE would open 0.2 percent higher, and Germany's DAX .GDAXI and France's CAC 40 .FCHI would start the day up 0.3 percent.

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