NEW YORK, September 18, 2005
(AP) While U.S. indexes dully waver within a minuscule range, overseas markets are on fire. Japan’s Nikkei average hit its highest point since 2001 earlier this month. Britain’s FTSE 100 Index on Friday had its best close in four years. Germany’s DAX is at its highest level since 2002. Korea’s KOSPI Index is up more than 20 percent so far this year.
"People need to appreciate that global markets now are in better shape than they’ve ever been," said Linda A. Duessel, equity market strategist for Federated Investors.