by JustForex
The US stock market closed higher on Wednesday. The Dow Jones index rose by 0.07%, the S&P 500 added 0.14% and the NASDAQ also increased by 0.14%. BriaCell Therapeutics Corp (BCTX) and Koss Corporation (KOSS) were among the leaders, which increased by 94% and 68%. The US Federal Reserve released its Beige Book report yesterday, which indicated that the pace of economic growth slightly accelerated.
European stock indices also ended Wednesday’s trading with a rise. The British FTSE 100 added 0.39%, the German DAX increased by 0.23% and the French CAC 40 jumped by 0.49%. Europe is on the road to economic recovery. Ireland’s Ryanair Holdings is showing a good trend right now, with competitor Wizz Air Holdings Plc lagging behind. Also, the UK is negotiating with Australia to promote a free trade agreement.
The rise in gold prices has slowed. The price has entered a wide price range. Investors are waiting for the non-farms statistics to be released tomorrow. Negative data could result in a situation where investors would start shifting more funds into defensive assets such as gold and silver.
Oil prices continue to rise. With OPEC not planning to significantly increase production of “black gold,” the supply shortage will be preserved at least until late summer, pushing oil prices up. News on the US crude oil inventories and natural gas reserves are expected to be released today. Volatility will be higher than usual.
Asian indices rose slightly on Wednesday. Japan’s Nikkei added 0.4% and the broadest index of Asia-Pacific shares outside Japan, MSCI, rose to a three-month high. Australia plans to cut stimulus measures as early as next month. At the moment, the correlation between the Asian and the US stock markets is very high.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Main market quotes:
S&P 500 (F) 4,208.12 +6.08 (+0.14%)
Dow Jones 34,600.38 +25.07 (+0.07%)
DAX 15,602.71 +35.35 (+0.23%)
FTSE 100 7,108.00 +27.54 (+0.39%)
USD Index 89.90 +0.07 (+0.08%)
- – Australia Retail Sales (m/m) at 04:30 (GMT+3);
- – US ADP Non-Farm Employment Change at 15:15 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US ISM Service PMI (m/m) at 17:00 (GMT+3);
- – Natural Gas Storage (w/w) at 17:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 18:00 (GMT+3);
- – UK BOE Governor Andrew Bailey Speaks at 19:00 (GMT+3).
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024
- QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high Apr 25, 2024
- Japanese yen hits all-time low as BoJ meeting commences Apr 25, 2024
- TSLA shares rose on a weak report. Inflationary pressures are easing in Australia Apr 24, 2024
- USDJPY: On intervention watch Apr 24, 2024
- Euro gains against the dollar amid mixed economic signals Apr 24, 2024