Stock prices on the world’s stock exchanges changed without a single trend on Wednesday, despite the release of new data that eased concerns about further increases in US interest rates.
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Stock prices rose on Wall Street after news that the US private sector added 177,000 new jobs in August, a smaller-than-expected increase, while the US economy grew by 2.1% in the second quarter of this year, which was less than the previously estimated increase of 2.4%.
The latest economic data makes it more likely that the US Federal Reserve will pause interest rate hikes in September, said Michael Hewson, UK analyst at CMC Markets.
Investors are also awaiting the release this week of the U.S. personal consumption expenditures (PCE) price index, which the U.S. central bank uses as a measure of inflation.
In Europe, the London stock market index rose, while the Frankfurt and Paris stock market indexes fell.
The Dow Jones Industrial Average rose 0.1% to 34,890.24 on Wednesday, the Standard & Poor’s 500 rose 0.4% to 4,514.87, while the Nasdaq Composite gained 0.5% to 14,019.31 points.
London’s FTSE 100 rose 0.1% to 7,473.67 on Wednesday, Frankfurt’s DAX fell 0.2% to 15,891.93, and Paris’ CAC 40 fell 0.1% to 7,364. 40 points.
WTI crude oil rose 0.6% to $81.63 a barrel in electronic trading on the New York Stock Exchange on Wednesday. “Brent” crude oil price on the London Stock Exchange increased by 0.4% to 85.86 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas rose by 2.3% to 35.99 euros per megawatt hour on Wednesday.
The euro rose against the US dollar on Wednesday from $1.0884 to $1.0925 per euro, the British pound against the US dollar rose from $1.2644 to $1.2719 per pound and the US dollar against the Japanese yen rose from 145.87 to 146.23 yen per dollar. The euro fell against the British pound from 86.05 to 85.87 pence per euro.
2023-08-31 05:33:58
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