Stock prices on the world’s stock exchanges rose on Tuesday, as published US economic data showed no reason why the US Federal Reserve System (FRS) should continue raising interest rates.
Content will continue after the ad
Advertising
A drop in US consumer confidence in August could also reassure FRS policymakers when they meet at their next interest rate meeting in September.
Investors await 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.
The US dollar fell against other major currencies.
The Dow Jones Industrial Average rose 0.9% to 34,852.67 on Tuesday, the Standard & Poor’s 500 rose 1.5% to 4,497.63, and the Nasdaq Composite rose by 1.7% to 13,943.76 points.
London’s FTSE 100 rose 1.7% to 7,464.99 on Tuesday, Frankfurt’s DAX rose 0.9% to 15,930.88, and Paris’ CAC 40 rose 0.7% to 7,373. 43 points.
WTI crude oil rose 0.8% to $80.74 a barrel in electronic trading on the New York Stock Exchange on Tuesday. “Brent” crude oil price on the London Stock Exchange increased by 0.8% to 84.09 dollars per barrel.
On the Dutch exchange “Title Transfer Facility” (TTF), the price of natural gas fell by 8.4% to 35.20 euros per megawatt hour on Tuesday.
The euro rose against the US dollar on Tuesday from $1.0820 to $1.0884 per euro, the British pound against the US dollar rose from $1.2600 to $1.2644 per pound and the US dollar against the Japanese yen fell from 146.50 to 145.87 yen per dollar. The euro rose against the British pound from 85.85 to 86.05 pence per euro.
2023-08-30 05:19:17
#Stock #prices #world #stock #exchanges #increasing
