US stocks have pushed higher in early trade after banks in Cyprus reopened without major incident and Europe's markets gained on buoyant German retail sales data.
Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 30.11 points, or 0.21 per cent, at 14,556.27.
The broad-based S&P 500 increased 1.83 points, or 0.12 per cent, to 1,564.68.
The tech-rich Nasdaq Composite Index jumped 2.51 points, or 0.08 per cent, to 3,259.03.
Cyprus's banks reopened with capital controls and long lines but no major turmoil, said Briefing.com analyst Patrick O'Hare.
"It is a long way from business as usual, but the successful reopening combined with a better-than-expected retail sales report out of Germany has helped lift European equity markets," O'Hare said.
US economic data was mixed. The Commerce Department increased the fourth-quarter growth estimate to 0.4 per cent from 0.1 per cent previously.
But a report of weekly jobless claims rose 16,000 to 357,000.
Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 30.11 points, or 0.21 per cent, at 14,556.27.
The broad-based S&P 500 increased 1.83 points, or 0.12 per cent, to 1,564.68.
The tech-rich Nasdaq Composite Index jumped 2.51 points, or 0.08 per cent, to 3,259.03.
Cyprus's banks reopened with capital controls and long lines but no major turmoil, said Briefing.com analyst Patrick O'Hare.
"It is a long way from business as usual, but the successful reopening combined with a better-than-expected retail sales report out of Germany has helped lift European equity markets," O'Hare said.
US economic data was mixed. The Commerce Department increased the fourth-quarter growth estimate to 0.4 per cent from 0.1 per cent previously.
But a report of weekly jobless claims rose 16,000 to 357,000.
