Microsoft and Google reported kind of weakish earnings. S&P is flat on the day, DAX is underperforming, there are scary headlines out of Detroit, but the market is seems to be taking things in stride.
The Dow Jones industrial average gained 106.29 points, or 0.69 percent, to close at a record high of 15,409.39. Meanwhile, European markets closed near multi-year highs.
Mecklai graph of the day: DAX and FTSE 100 - Investors would continue to enjoy the recent rally but on other hand would interesting to watch that the current euphoria will last reckoning weaker fundamentals.
European assets which are highly below book value will continue to be in focus among global investors.
World shares hit their highest level in almost five years on Tuesday as last week's strong U.S. jobs report continued to fuel optimism about the health of the global economy.
Regan Homavazir, associate VP-Technical Research, Darashaw sees 6,000 as a key resistance for the Nifty going forward.
The trigger of the DAX moving to flat for the year was potentially very significant, says Nick Parsons, head of markets strategy, Europe for National Australia Bank. Talking to CNBC-TV18, he says though Chinese data has been disappointing, it is important to look at it in context.
European shares fell on Friday to post their biggest daily fall of the year so far after US jobs figures came in much worse than expected.