Indices and stock market conditions, oil, gold and foreign money markets on October 26, 2022
Dow jones new york stock marketIt closed slightly higher on Wednesday (Oct. 26), while the Nasdaq fell more than 2 percent following major tech firms such as Microsoft and Alphabet posted weak results. This makes the market worried regarding the global economic slowdown. While investors are eyeing the release of the US’s third-quarter gross domestic product (GDP) figures today.
The Dow Jones Industrial Average closed at 31,839.11, up 2.37, or +0.01%, the S&P 500 closed at 3,830.60, down 28.51, or -0.74%, and the Nasdaq closed at 10,970.99, down 228.12, or -2.04%.
european stock marketEnded positive on Wednesday (Oct. 26), hitting a five-week high following the Bank of Canada (BoC) raised interest rates less than expected. which brings hope Major central banks may also slow interest rate hikes.
The STOXX 600 index closed at 410.31, up 2.70 or +0.66%.
The French CAC-40 index closed at 6,276.31, up 25.76, or +0.41%, the German stock market DAX closed at 13,195.81, an increase of 142.85, or +1.09%, and the FTSE 100 in London closed at 7,056.07, up 42.59, or. +0.61%
london stock marketEnded positive on Wednesday (Oct. 26), hitting a three-week high, boosted by hopes that Major central banks may slow interest rate hikes. While reports that the new British Prime Minister Rishi Sunak will postpone the release of the budget. It hardly affects investors.
The FTSE 100 London Stock Exchange closed at 7,056.07, up 42.59, or 0.61%.
West Texas Crude Oil Contract (WTI) New York markets closed higher on Wednesday (Oct. 26) on positives from a weakening dollar, declining US gasoline inventories. and US crude oil exports at record highs.
The WTI crude oil contract was delivered in December. It was up $2.59 or 3% to close at $87.91 a barrel.
The Brent crude oil contract (BRENT) delivered in December. It was up $2.17, or 2.3%, at $95.69 a barrel.
gold contractNew York markets closed higher to a near two-week high on Wednesday (Oct. 25), helped by a weaker dollar and a fall in US Treasury yields.
The COMEX (Commodity Exchange) gold contract will be delivered in December. It was up $11.2, or 0.68%, at $1,669.2 an ounce. This is the highest closing level since October 13, 2022.
Silver metal contract for delivery in December It was up 13.7 cents, or 0.71%, at $19.486 an ounce.
Platinum contract delivered in Jan. It was up $42.8, or 4.65 percent, to close at $962.5 an ounce.
Palladium contract delivered in December It was up $41.70, or 2.2%, at $1,960.50 an ounce.
US dollarWeaker once morest major currencies in trading at the New York Stock Exchange on Wednesday (Oct. 26) following US Treasury yields fell. The US Federal Reserve (Fed) will slow down the acceleration of interest rate hikes.
The dollar index, which measures the dollar’s movements once morest six major currencies in a basket of currencies, fell 1.13 percent to 109.7010.
The dollar was lower once morest the yen to 146.30 from 147.98 and once morest the Swiss franc to 0.9865 franc from 0.9958 francs. The US dollar was also lower once morest the Canadian dollar to 1.3570 Canadian dollars from 1.3621 Canadian dollars. and was weak once morest Swedish krona at 10.8675 krona from 10.9751 krona.
The euro was higher once morest the dollar at $1.0084 from $0.9961, while the pound rose to $1.1626 from $1.1472.
