Wednesday, November 29, 2023
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Global markets update: US stocks fall after slow growth in services sector | Mint – Mint

United States stocks dropped on Monday as investors weighed whether the United States reserve bank could stop rate walks after growth reduced in the services market.
The S&P 500 dropped 8.58 points, or 0.2%, at 4,273.79. The Dow Jones Industrial Standard lost 199.90 points, or 0.6%, at 33,562.86. The Nasdaq composite decreased 11.34 points, or 0.1% at 13,229.43.
A record stated US services industries expanded by less than economic experts expected in May as brand-new orders slowed.
Investors’ focus gets on regular monthly inflation data to be released following week.
The Federal Book will certainly additionally release its financial plan report next week.
In the bond market, the return on the 10-year treasury dropped to 3.68% from 3.70% late Friday. The 2-year treasury dropped to 4.45% from 4.51%.
Shares of Apple Inc fell 0.8% after the business unveiled an augmented-reality headset called the Vision Pro.
During the intraday trade, Apple increased as much as 2.2% to an all-time high.


The US buck dropped to 139.63 Japanese yen from 139.94. The euro rose to $1.0715 from $1.0712.


Canada stocks dropped on Monday as energy and financial shares shed ground. The Toronto Stock Exchange’s S&P/ TSX composite index ended down 93.01 points, or 0.5%, at 19,931.62.


European supplies dipped on Monday with the pan-European STOXX 600 index falling 0.4%.
Britain’s FTSE 100 fell 0.1% at 7,599.99. Germany’s DAX down 0.5% at 15,963.89. France’s CAC 40 went down 1% at 7,200.91.


Asian shares rose on Monday.
Hong Kong’s Hang Seng index increased 0.8% at 19,108.50. China’s Shanghai Composite added 0.1% at 3,232.44.
Japan’s Nikkei 225 up 2.2% at 32,217.43.
Australia’s S&P/ ASX 200 index ended 1% higher at 7,216.30. New Zealand’s benchmark S&P/ NZX 50 index fell 0.3% to finish at 11,880.90.
Markets in Singapore, Seoul, Taipei, Manila and Jakarta gained.

Energy costs

Brent crude for August shipment rose 58 cents to $76.71 a barrel on Monday. United States petroleum benchmark for July distribution rose 41 cents to $72.15 a barrel.
Saudi Arabia claimed it would reduce petroleum manufacturing in hopes of improving its rate.
All-natural gas for July delivery increased 8 cents to $2.25 per 1,000 cubic feet.


Gold for August delivery increased $4.70 to $1,974.30 an ounce. Silver for July delivery fell 11 cents to $23.64 an ounce.
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Robert Digital
Robert Digital
Robert Digital, an accomplished writer and dedicated blogger whose passion for uncovering truth and sharing stories has left an indelible mark in the realm of news reporting. With a knack for translating complex events into relatable narratives, Robert's writing transcends mere words, allowing readers to truly understand and engage with the world around them.


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