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View the article online at http://citywire.co.uk/wealth-manager/article/a753328

Overnight Markets: S&P 500 extends record on durable goods data

by Himanshu Singh on May 28, 2014 at 03:43

Cisco Systems Inc. rose 0.8% as Deutsche Bank AG boosted its recommendation on the maker of networking equipment to buy from hold.

In Asia, stocks gained on Wednesday in morning trade after US durable goods orders and consumer confidence data added to evidence a recovery in the world’s largest economy is intact.

The MSCI Asia Pacific Index gained 0.4% to 142 as of 9:47 a.m. in Hong Kong. Japan’s Topix index added 0.4%.  South Korea’s Kospi index gained 0.5% and Australia’s S&P/ASX 200 Index rose 0.3%. New Zealand’s NZX 50 Index advanced 0.7%. Sinagpore’s Straits Times Index was little changed.

Hong Kong’s Hang Seng Index climbed 0.2% and Taiwan’s Taiex index advanced 0.3%.

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