Saturday, July 1, 2023 – 3:15 PM
Capitals, July 1st / WAM / Global stocks achieved strong gains during the first half of this year, amid signs of calming inflation rates in the United States of America.
The annual inflation rate in the United States slowed during the month of May, to 4 percent from 4.9 percent in April, which is the lowest annual rate of increase since March 2021.
The American Wall Street Stock Exchange led the gains of global markets during the first half, with the “Nasdaq” index, which is dominated by technology stocks, rising by 3321 points, or 31.7 percent, to reach 13787.92 points, compared to its level at the end of last year of 10466.48 points.
The “Standard & Poor’s” index increased by 15.9 percent, or the equivalent of 611 points, to reach 4,450.38 points, compared to 3,839.5 points at its previous level at the end of last year, while the “Dow Jones Industrial Average” rose by 3.8 percent, gaining 1,260.4 points, to reach the level of 34,407.6 points. compared to its previous level at 33147.25 points.
In the European markets, the German “DAX” index rose during the past month by 16 percent, equivalent to 2224 points, to reach the level of 16147.9 points, compared to its previous level at 13923.59 points at the end of last year.
The “Euro Stoxx 50” index rose by 16 percent, equivalent to 605.5 points, to close at 4399.09 points, compared to 3793.62 points, and the French “CAC” index gained about 926.3 points, or 14.3 percent, to reach 7400.06 points, after it was trading at 6473.76 points at the end. last year.
The British “FTSE 100” index increased by 1.1 percent, equivalent to 79.8 points, to reach the level of 7531.53 points, while the European “Stoxx 600” index rose by 8.7 percent, equivalent to 37 points, to reach the level of 461.93 points, compared to 424.89 points.
In terms of Asian markets, the Japanese Nikkei index rose on the Tokyo Stock Exchange during the first half by 27.2 percent, or the equivalent of 7094.5 points, to close at 33189.04 points, while the broader Topix index increased by 21 percent, equivalent to 396.9 points, to 2288.6 points.
While the performance of Chinese stocks varied, with the “SSE” index rising by 3.7 percent, or 112.8 points, to close at 3,202.06 points, while the “Hang Seng” index fell by 4.4 percent, equivalent to 865 points, to reach the level of 18,916.43 points.
The Indian Senex index increased by 6.4 percent, or the equivalent of 3,877.8 points, to close at 64,718.56 points, compared to its previous level at the end of last year at 60,840.74 points.
Awad Mokhtar / Ramy Samih / Zakaria Mohieldin
2023-07-01 11:15:00
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