Wall Street's main indices finished Monday higher as investors gauged the prospects for further advances amid an improved economic outlook for 2018 and buoyant investor sentiment.
European stocks are continuing to trade slightly lower despite the release of stronger-than-expected readings on the economy, weighed down by a somewhat more cautious stance on stockmarkets from strategists at JP Morgan.
Wall Street's main market gauges are holding slightly higher as investors gauge the prospects for further advances amid an improved economic outlook for 2018 and buoyant investor sentiment.
Credit Suisse forecast the top flight index would reach the 7,800 point mark by the middle of 2018 and stay at that level through the end of that year against a favourable backdrop for corporate earnings worldwide.
The Federal Reserve Bank of New York announced on Monday that William Dudley, the bank's president since January of 2009, would be stepping down from his position in mid-2018.
US President Donald Trump has criticised Japan over the trade relationship between the two countries, which he described as "not fair" and added that a process had already begun to change it.
US futures pointed to a muted open on Wall Street on Monday, with investors likely to take a step back after indices notched record all-time high closes on Friday following the release of a decent non-farm payrolls report.
Markets will continue to head higher overall but the time has come to 'lock-in' some profits in 'cyclicals', strategists at JP Morgan said.
Markets in Asia finished in a mixed state on Monday, with investors sifting through a deluge of earnings reports, and President Trump touching down in the region.
German factory orders shot higher last month on the back of a surge in demand for capital goods from other euro area nations.
Wall Street finished the session firmly in positive territory despite the realse of a somewhat underwhelming US jobs report for October.