Global stocks were off to a quiet start on Wednesday after the Dow Jones Industrial Average closed above 19000 for the first time in history.

The Dow, S&P 500, Nasdaq and Russell 2000 all closed at record highs on Tuesday for a second day in a row, spurred by a recent uptick in corporate earnings, a jump in oil prices and hopes that the election of Donald Trump would lead to higher growth and inflation.

Futures markets suggested further gains for major U.S. indexes on Wednesday, ahead of the U.S. Thanksgiving holiday.

The Stoxx Europe 600 was flat in the early minutes of trading, as continued gains in commodity-sensitive companies such as miners and oil giants were offset by declines in banking and insurancecompanies.

Earlier, stocks in Australia and South Korea followed Wall Street higher, while bourses in Hong Kong and Shanghai struggled for traction. Markets in Japan were closed for a holiday.

In currencies, the dollar was steady after rising for 11 of the last 12 sessions, and was last flat against the yen and euro. The British pound was off less than 0.1% against the dollar at $1.2409 ahead of the U.K.'s Autumn Statement, where investors are hoping for more clarity on the government's tax and spending plans following the June referendum on European Union membership.

Investors also continued to keep an eye on the oil price ahead of a meeting of the Organization of the Petroleum Exporting Countries next week. Brent crude oil was last off 0.1% at $49.08 a barrel, while copper and gold prices continued to inch higher.

Write to Riva Gold at

(END) Dow Jones Newswires

November 23, 2016 03:55 ET (08:55 GMT)

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