Stocks in the United States saw a boost on Thursday as pressure on U.S. Treasury yields eased, leading to moderate gains. The S&P 500 index closed with a 0.59 percent increase, while the Dow Jones Industrial Average recorded a 0.35 percent increase, and the NASDAQ Composite index saw a notable 0.83 percent gain.
At the same time, the U.S. dollar took a breather in the global foreign exchange markets, with fluctuations in currency exchange rates showing a decrease in demand for the greenback. The euro strengthened against the dollar, the Japanese yen edged up, the Canadian dollar made a slight gain, the British pound gained ground, the Swiss franc added to its value, and both the Australian and New Zealand dollars saw significant gains against the U.S. dollar.
In global stock markets, there was a mixed performance, with some indices posting gains and others facing losses. However, the overall sentiment remained positive, especially in the U.S. markets. The S&P/TSX Composite index in Canada closed with a gain of 0.80 percent, while the FTSE 100 index in the United Kingdom recorded a modest 0.11 percent increase. In Germany, the DAX PERFORMANCE-INDEX surged by 0.70 percent, and France’s CAC 40 closed with a 0.63 percent increase. The Eurozone indices, ESTX 50 PR.EUR and Euronext 100 Index, also saw gains.
In Asia, the Nikkei 225 in Japan faced a decline of 1.54 percent, and Hong Kong’s Hang Seng Index also experienced a downturn of 1.36 percent. However, China’s SSE Composite Index showed slight gains of 0.10 percent, as did the Shenzhen Index with a marginal increase of 0.05 percent. Other Asian markets, including Singapore, South Korea, Taiwan, and Indonesia, saw mixed performances, while India’s S&P BSE SENSEX and NIFTY 50 faced notable declines.
In Australia, the ALL ORDINARIES index closed with a slight decrease of 0.10 percent, and the S&P/ASX 200 faced a small decrease of 0.08 percent. New Zealand’s S&P/NZX 50 INDEX GROSS marked a decrease of 1.23 percent. In Africa, South Africa’s Top 40 USD Net TRI Index experienced notable gains of 0.91 percent, while Egypt’s EGX 30 Price Return Index closed with a decrease of 0.89 percent.
Overall, the global market roundup shows a mixed performance across different regions, with the U.S. markets benefiting from easing pressure on U.S. Treasury yields. While some Asian markets faced declines, global sentiment remained positive, albeit with moderate gains in most indices.
