Rise of stocks on Friday

April 27, 2018 - By Edwin Martin

Rise of stocks on Friday

Rise of stocks on Friday

This Friday tech market continues to show increase, while positive vibes from both Koreas changing geo political impact on stocks.

Global market sees the rise of stock at the end of this week. Strong gains from quarterly reports of tech companies push shares up. While Facebook, Intel, and Amazon are celebrating better than expected results, South and North Korea are seemingly interested in finally making peace with each other.

After the meeting of two Korean leaders, stocks grew up across the world.

European market is unstable, but ending the week with European index going up for the 5th time in a row.

Tech companies boosted markets with new numbers for stocks. They beat all previous forecasts made by global analysts.

Stocks of Amazon rose by 6 percent in the recent trading, while Facebook received 9.1 percent on Thursday, stopping speculations on possible fallout after scandal with users’ privacy.

Tech stocks in Europe went 75 percent up, which is the highest number in five last weeks. They are getting stronger by local IT companies like Infineon, Capgemini and so on.

While, the market experiences positive impact of tech stocks rise, there is a bad new for Britain, as its official data shows slow economy. Analysts expected bigger profit for the three first months of the year for the British economy.

This pushed down the British pound of sterling to its lowest numbers against American dollars since the beginning of March.

Economists believe that the slowdown of Britain is structural, as the data shows.

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