WORLD MARKETS

World Markets Daily News – In Brief – 23/01/2023

28 views

STOCK MARKETS


AUSTRALIA/NEW ZEALAND

In Sydney, the S&P/ASX 200 index edged 0.1% higher on Monday, following a rally Friday for tech stocks that countered worries about the weakening U.S. economy. New Zealand’s S&P/NZX-50 settled 0.24% lower as the Labor Party caucus selected Chris Hipkins to succeed Jacinda Ardern as the country’s next prime minister.

ASIA

Asian shares were higher on Monday in thin holiday trade, as markets in mainland China, Hong Kong, Singapore and Seoul were closed for Lunar New Year celebrations. Chinese markets won’t resume trading until Jan. 30. Tokyo’s Nikkei 225 index added 1.1%. The Bank of Japan released minutes from its latest meeting, revealing the high-stakes atmosphere which led to the decision to ease the monetary policy last week.

EUROPE

Major stock indices in Europe opened the Monday session in positive territory as investors await the preliminary report on consumer confidence in the euro area, as well as the Deutsche Bundesbank’s monthly assessment of economic conditions. The DAX gained 0.29%, London’s FTSE 100 added 0.14%, in Paris the CAC 40 went up 0.29%. The Euro Stoxx 50 traded 0.37% higher.

European markets closed higher Monday. The DAX closed with a 0.46% gain while the FTSE 100 increased by 0.18%. The CAC 40 was up 0.52% and the EURO STOXX 50 closed 0.80% higher. The Dow Jones Industrial Average closed up 0.76%, the Nasdaq 100 jumped 2.01% and the S&P 500 rose by 1.18%.

US

Stock futures are flat as investors look ahead to a busy earnings week. Futures tied to the Dow Jones Industrial Average were higher by 28 points, or 0.08%. S&P 500 futures barely budged and Nasdaq 100 futures also sat near the flat line, according to CNBC.

US stocks closed higher on Monday after the National Association of Business Economics (NABE) latest survey showed the percentage of businesses that believe the country’s economy will enter recession declined.

COMMODITIES


OIL

Oil prices drifted lower in early trade on Monday. Brent crude futures was down by 46 cents, or 0.5%, to $87.17 at 03:49 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 36 cents, or down 0.4%, to $81.28 a barrel, according to Reuters.

GOLD

Gold prices rose on Monday. Spot gold was up 0.3% at $1,932.12 per ounce, as of 02:55 GMT. U.S. gold futures
also rose 0.3% to $1,934.70, according to Reuters.

FOREX


The euro rose on Monday reaching the highest level against the dollar since April 2022 as Governors of Dutch and Austrian central banks, Klaas Knot and Robert Holzmann, both stated that the European Central Bank  is planning to raise rates by 50 basis points multiple times this year.

Minutes after reaching the nine-month high of 1.09267, the euro climbed 0.42% against the greenback to go for 1.09019 at 8:38 am CET and it added 0.35% compared to the British pound to sell for 0.87898 at 8:39 am CET.



To get in touch with our editorial team, send a press release,

email us at: editorial [at] worldmarketsdaily.com

To advertise on our platforms, you can use this form,

email us at: advertise [at] worldmarketsdaily.com

or call us at: +40 314 228 321 (Monday-Friday 10:30 – 16:30)


Visit our other websites:

 • www.buildpress.com.ro • www.classifieds.investopress.com
• www.printwebpublications.com • www.realestatemagazine.com.ro

• www.traveltogreece.com.ro (Coming soon)