KONTAN.CO.ID - NEW YORK/LONDON, Feb 7 (Reuters) - Global equities climbed to a more than two-year high and the S&P 500 touched a record peak on Wednesday, as strong earnings offset jitters related to U.S. regional banks and China's markets. Bonds were under modest pressure, as comments from Federal Reserve officials reaffirmed expectations that the central bank may not cut rates soon. The U.S. dollar retreated and oil prices rose. The MSCI world equity index .MIWD00000PUS, which tracks shares in 49 countries, gained 0.59% by 2:38 p.m. EST (1938 GMT) after hitting its highest since mid-January 2022. Markets got a boost from a rally in Chinese blue-chips. Baca Juga: TREASURIES - US Yields Edge Up, Strong Demand for Record 10-yr Auction On Wall Street, the Dow Jones Industrial Average .DJI rose 175.88 points to 38,697.24, the S&P 500 .SPX gained 39.93 points to 4,994.16 and the Nasdaq Composite .IXIC added 140.80 points to 15,749.80. "We are at the midpoint of the 4Q earnings reporting season, and we would say that there has been more good news than bad," Arthur Hogan, chief market strategist with B. Riley Wealth, said in a market note. The U.S. regional banking sector remained a concern as Moody's downgraded New York Community Bancorp NYCB.N to junk citing pressure on its funding and liquidity. The stock lost 22% on Tuesday, to be down 60% since it reported surprise losses last week. Chinese regulators continued efforts to steady markets, placing further curbs on short selling and state investors said they were expanding their stock buying plans. President Xi Jinping would discuss the stock market with financial regulators, Bloomberg News reported. Baca Juga: US STOCKS - S&P 500 Closes at Record High; Earnings, Rate Outlook in Spotlight The head of China's securities regulator was replaced on Wednesday, according to Xinhua news agency, as policymakers struggle to stabilise the country's main stock indexes. "We're looking at more than $5 trillion being wiped out from the equity markets. Clearly, they want to stem those losses, they want to introduce and change and they're trying to be a lot more forceful about it," Aneeka Gupta, equity strategist at wisdomtree, said. In Europe, equities ended lower as weakness in banking shares weighed, while losses in energy heavyweights Equinor and TotalEnergies following corporate updates only compounded the fall. The pan-European STOXX 600 index .STOXX closed 0.3% lower, with shares in Spain .IBEX lagging regional peers and retreating 1.2%.
GLOBAL MARKETS - Global Stocks Climb to Over Two-Year High, S&P 500 Hits Record
KONTAN.CO.ID - NEW YORK/LONDON, Feb 7 (Reuters) - Global equities climbed to a more than two-year high and the S&P 500 touched a record peak on Wednesday, as strong earnings offset jitters related to U.S. regional banks and China's markets. Bonds were under modest pressure, as comments from Federal Reserve officials reaffirmed expectations that the central bank may not cut rates soon. The U.S. dollar retreated and oil prices rose. The MSCI world equity index .MIWD00000PUS, which tracks shares in 49 countries, gained 0.59% by 2:38 p.m. EST (1938 GMT) after hitting its highest since mid-January 2022. Markets got a boost from a rally in Chinese blue-chips. Baca Juga: TREASURIES - US Yields Edge Up, Strong Demand for Record 10-yr Auction On Wall Street, the Dow Jones Industrial Average .DJI rose 175.88 points to 38,697.24, the S&P 500 .SPX gained 39.93 points to 4,994.16 and the Nasdaq Composite .IXIC added 140.80 points to 15,749.80. "We are at the midpoint of the 4Q earnings reporting season, and we would say that there has been more good news than bad," Arthur Hogan, chief market strategist with B. Riley Wealth, said in a market note. The U.S. regional banking sector remained a concern as Moody's downgraded New York Community Bancorp NYCB.N to junk citing pressure on its funding and liquidity. The stock lost 22% on Tuesday, to be down 60% since it reported surprise losses last week. Chinese regulators continued efforts to steady markets, placing further curbs on short selling and state investors said they were expanding their stock buying plans. President Xi Jinping would discuss the stock market with financial regulators, Bloomberg News reported. Baca Juga: US STOCKS - S&P 500 Closes at Record High; Earnings, Rate Outlook in Spotlight The head of China's securities regulator was replaced on Wednesday, according to Xinhua news agency, as policymakers struggle to stabilise the country's main stock indexes. "We're looking at more than $5 trillion being wiped out from the equity markets. Clearly, they want to stem those losses, they want to introduce and change and they're trying to be a lot more forceful about it," Aneeka Gupta, equity strategist at wisdomtree, said. In Europe, equities ended lower as weakness in banking shares weighed, while losses in energy heavyweights Equinor and TotalEnergies following corporate updates only compounded the fall. The pan-European STOXX 600 index .STOXX closed 0.3% lower, with shares in Spain .IBEX lagging regional peers and retreating 1.2%.
