World stock prices rose mostly on Thursday as investors ignored fears of rising inflation in the United States.
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Major European stock market indices rose following gains in major Asian stock exchanges.
Wall Street Indices “Standard & Poor’s 500” and “Nasdaq The composite rose, but the Dow Jones Industrial Average fell on a trading day with little economic news as most government offices and the bond market closed on Veterans Day.
Thursday’s rise in stock markets “suggests investors are not very confident that the US Federal Reserve (FRS) will change course at its next policy-making meeting in December, even though inflation signals have indeed tested the central bank’s” transition period, “he said. ThinkMarkets analyst Favad Razakzada.
Oil prices resumed rising following inflationary concerns.
The prospect of a possible rise in FRS interest rates contributed to the appreciation of the US dollar against other major currencies.
The Dow Jones Industrial Average fell 0.4% to 35,921.23 points on Thursday, the Standard & Poor’s 500 rose 0.1% to 4,649.27, and the Nasdaq Composite rose 0.5% to 15,704.28 points.
London Stock Exchange index FTSE 100 rose 0.6% to 7384.18 points on Thursday, Frankfurt stock exchange index DAX 30 rose 0.1% to 16,083.11 points, while the Paris Stock Exchange index CAC 40 rose 0.2% to 7,059.55 points.
In the New York Stock Exchange, WTI crude fell 0.2% to $ 81.17 a barrel on Thursday. The price of Brent crude oil fell 0.1% to $ 82.56 a barrel on the London Stock Exchange.
The euro fell against the US dollar from 1.1479 to 1.1449 dollars per euro on Thursday, the British pound depreciated against the dollar from 1.3405 to 1.3365 dollars per pound, while the US dollar appreciated against the Japanese yen from 113.87 to 114.08 yen per dollar. The euro rose from 85.60 to 85.66 pence per euro against the British pound.
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