Global stock prices were mostly higher on Tuesday, boosted by better-than-expected US bank earnings.
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Banks “Morgan Stanley”, “Bank of America” and “Charles Schwab” share prices rose after the publication of their profit figures that exceeded forecasts.
“Today’s theme is that banks are doing ‘better than we feared,'” said Steve Sosnick, analyst at Interactive Brokers. “Unless the news is actively disappointing, everything is taken as good news.”
Trading in Asian stock exchanges continued to be affected by the data published on Monday that China’s gross domestic product (GDP) increased by 6.3% in the second quarter of this year compared to April-June last year, thus registering slower growth than economists had predicted.
“Market participants are concerned about economic data from China and . . . remain cautious,” noted Zaye Capital Markets analyst Naeem Aslam.
The Dow Jones Industrial Average rose 1.1% to 34,951.93 on Tuesday, the Standard & Poor’s 500 rose 0.7% to 4,554.98, and the Nasdaq Composite gained 0.8% to 14,353.64 points.
London’s FTSE 100 rose 0.6% to 7,453.69 on Tuesday, Frankfurt’s DAX rose 0.4% to 16,125.49, and Paris’ CAC 40 rose 0.4% to 7,319. 18 points.
WTI crude oil rose 2.2% to $75.75 a barrel in electronic trading on the New York Stock Exchange on Tuesday. “Brent” crude oil price on the London Stock Exchange rose by 1.4% to 79.63 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas rose by 7.84% to 27.07 euros per megawatt hour on Tuesday.
The euro fell from $1.1236 to $1.1235 per euro on Tuesday, the British pound fell from $1.3073 to $1.3040 per pound, and the dollar rose against the Japanese yen from 138.71 to 138.87 yen per dollar. The euro rose against the British pound from 85.94 to 86.13 pence per euro.
2023-07-19 05:50:51
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