Global Stocks Rally, Oil Up as Bush Wins
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US stocks climbed while bonds fell and the dollar lost ground against the euro on Wednesday as Republican President Bush won re-election in a tight race.
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Stocks jumped on Thursday as a global rebound in equity markets gave investment banks a lift and U.S. retailers' posted generally strong monthly sales, stemming some concerns about the health of the U.S. economy.
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NEW YORK : Wall Street shares roared higher as investors reacted to news that President George W. Bush had secured a re-election victory after a tight race.
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Oil prices spiked up above $50 a barrel early Wednesday as signs of an electoral victory for President Bush raised the prospect of continued high US demand and Middle East supply anxiety.
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SINGAPORE: Oil prices have spiked up above $51 a barrel as increasing signs of an electoral victory for US President George W Bush raises the prospect of continued high demand in the world&#39;s biggest energy consumer.
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Wall Street threw a victory rally for President Bush today, driving up the entire market -- especially the stocks that investors believe will benefit from even more dominant Republican control of the federal government.
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Global stock markets bounced back last week, and on Wall Street the three major stock indexes posted healthy gains.
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SINGAPORE, NOV 3: Investors grew confident on Wednesday that President George W Bush would win re-election, pushing up US stock futures and the dollar, after TV networks said he had won the key swing state of Ohio.
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US stocks gained on optimism the US presidential election will produce a clear winner, acting as the catalyst to lift share prices the rest of the year.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.
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U.S. stocks ended up sharply on   Tuesday, with the three major indexes registering their biggest   gains in about a month, as crude oil's seventh straight day of   losses fueled optimism that lower energy costs will spur   consumer spending, lift corporate profits and reduce inflation   risks.
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Global oil prices rallied to fresh  highs on Friday with U.S. crude approaching $49, driven by  escalating violence in Iraq and unabated demand growth from  China and India.
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Oil prices rose yesterday as global stock markets recovered some ground after weeklong declines, and strategists pointed out that gasoline stocks are slipping while demand rises.
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Stocks advanced on Thursday as a rebound in global equity markets helped boost investment banks' shares and strong earnings from U.S. retailers on strong monthly sales allayed worries about the economy's health.
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Stocks rallied today, with all averages finishing up as the US dollar performed better against overseas currencies for the first time in weeks.
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SINGAPORE : Asian stocks rose Wednesday on indications that US President George W. Bush, whose trade and business policies are seen as more market friendly in the region, will be re-elected.
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Stocks surged Wednesday, with the Dow Jones industrials posting a triple-digit gain moments after the opening bell, as investors expressed relief following the election and what&#39;s widely believed to be a victory for President Bush.