Stock prices on the world’s stock exchanges mostly fell on Thursday, as the markets waited for the speech of Jerome Powell, the head of the US Federal Reserve System (FRS), which may contain clues about the future monetary policy of the US central bank.
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Wall Street indices began to fall soon after the opening of the trading session and continued to fall until its end.
Market participants have spent much of August worrying that the FRS will be forced to raise interest rates further to curb inflation. The Bank of England and the European Central Bank (ECB) are expected to raise interest rates again.
The Frankfurt and Paris stock indexes also fell, while the London stock index rose due to the fall in the value of the British pound.
The Dow Jones Industrial Average fell 1.1% to 34,099.42 on Thursday, the Standard & Poor’s 500 fell 1.4% to 4,376.31, and the Nasdaq Composite fell 0.5%. 1.9% to 13,463.97 points.
London’s FTSE 100 rose 0.2% to 7,333.63 on Thursday, Frankfurt’s DAX fell 0.7% to 15,621.49 and Paris’ CAC 40 fell 0.4% to 7,214. 46 points.
WTI crude oil rose 0.2% to $79.05 a barrel in electronic trading on the New York Stock Exchange on Thursday. The price of “Brent” crude oil on the London Stock Exchange increased by 0.2% to 83.36 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas fell by 13.2% to 31.94 euros per megawatt hour on Thursday.
The euro was down from $1.0863 to $1.0811 per euro on Thursday, the British pound was down from $1.2727 to $1.2596 per pound, and the dollar was up against the Japanese yen from 144.84 to 145.80 yen per dollar. The euro rose against the British pound from 85.35 to 85.81 pence per euro.
2023-08-25 04:58:10
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