The logo of French cosmetics group L'Oreal is seen on the company's building in Clichy, near Paris February 12, 2015. REUTERS/Christian Hartmann
MarketWrap: Wall Street's three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks. - Reuters
The DJIA rose 118.06 points, or 0.59%, to 20,172.4, the S&P 500 gained 13.2 points, or 0.58%, to 2,307.87 and the Nasdaq added 32.73 points, or 0.58%, to 5,715.18.
Energy
Oil prices held onto gains on Thursday with US prices rising on evidence that gasoline demand could strengthen in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure. Benchmark Brent crude settled up 51 cents at US$55.63 per barrel. - Reuters
Forex summary
*The ringgit at 4.4453 per US$
*It gains 0.23% to 4.7392 versus euro
*Up 0.16% to 5.5637 per pound sterling
*Up 0.25% to 3.1283 per Singapore dollar
*0.33% lower to 3.3961 per Aussie
*0.25% higher at 3.9107 per 100 yen
Top foreign stories
Spain's Telefonica in talks to sell Telxius stake: Spain's Telefonica is in talks with private equity firms KKR, CVC and Ardian as well as sovereign fund GIC about the sale of a 49% stake in its telecom masts subsidiary Telxius, sources said. - Reuters
L'Oreal eyes Body Shop sale, posts higher revenue, profit: French cosmetics giant L'Oreal is weighing a possible sale of The Body Shop retail chain, it said on Thursday as it posted higher sales and profits. L'Oreal said 2016 sales rose 2.3% from a year ago to 25.84 billion euros (US$27.6 billion), slightly ahead of the mean average forecast for sales of 25.75 billion euros. Earnings per share for 2016 also rose 4.6%. - Reuters
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