Wednesday, November 29, 2023
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Global markets update: US stocks surge ahead of economic data | Mint – Mint

United States stocks surged on Monday ahead of financial data.
The S&P 500 climbed 27.60 factors, or 0.6%, at 4,433.31. The Dow Jones Industrial Average acquired 213.08 factors, or 0.6% at 34,559.98. The Nasdaq compound added 114.48 factors, or 0.8%, at 13,705.13.
The US federal government will certainly launch its July report on task openings on Tuesday and its more comprehensive jobs report for August on Friday.
Shares of 3M jumped 5.2% after reports that the firm had actually consented to a $5.5 billion settlement over faulty earplugs. Boston Scientific climbed 6% after offering investors an encouraging upgrade on a study for a heart device.
The return on the 10-year treasury fell at 4.21% from 4.24% late Friday. The return on the 2-year treasury dropped at 5.06% from 5.08% late Friday.


The United States buck climbed at 146.52 Japanese yen from 146.35. It climbed to $1.0811 to $1.0807 against the euro.


Canada’s stock index on Monday rose, led by gains in the materials and power fields.
The Toronto Stock Exchange’s S&P/ TSX composite index included 189.39 points, or 0.95%, at 20,025.14.


European stocks rallied on Monday, with the pan-European STOXX 600 closing 0.9% greater.
Innovation supplies increased 1.7%.
Euro area financial institutions acquired 1.6%.
Germany’s DAX added 1% at 15,792.61. France’sCAC 40 increased 1.3% at 7,324.71.
Britain’s FTSE 100 was shut for public vacation.


Eastern markets on Monday mostly shut higher on China’s step to boost its equities markets by minimizing tax obligation on stock professions for the very first time given that 2008.
Hong Kong’s Hang Seng index climbed 1% at 18,130.74. China’s Shanghai Compound included 1.1% at 3,098.64.
Japan’s Nikkei 225 edged up 1.7% at 32,169.99.
Australia’s S&P/ ASX 200 index finished 0.6% higher at 7,159.8. New Zealand’s benchmark S&P/ NZX 50 index shut 0.1% greater at 11,479.01 points.

Power prices

Brent crude for October distribution fell 6 cents at $84.42 a barrel on Monday. The US unrefined oil benchmark for October shipment increased 27 cents at $80.10 a barrel.
Gas for September delivery increased 4 cents at $2.58 per 1,000 cubic feet.


Gold for December distribution increased $6.90 at $1,946.80 an ounce. Silver for September distribution gained 2 cents at $24.25 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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