WORLD MARKETS

World Markets Daily News – In Brief – 26/01/2023

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STOCK MARKETS


AUSTRALIA/NEW ZEALAND

Markets in Australia are closed for a holiday. The NZX 50 of the New Zealand Stock Exchange added 29 points or 0.24%.

ASIA

Asian stocks were mostly higher Thursday. Hong Kong’s Hang Seng index jumped 2.17%. The Kospi rose 1.6%. Markets in China are closed for a holiday.

EUROPE

Major stock markets in Europe opened higher on Thursday following the publication of the latest upbeat data in the area. At 9:01 am CET, France’s CAC 40 added 0.60% while in London the FTSE 100 climbed 0.49% and Germany’s DAX rose 0.42% at 9:06 am CET.

European stocks closed the Thursday session off with solid gains, lifted by recent data showing an improvement in German business sentiment and a surge in eurozone manufacturing activity. The U.K.’s FTSE 100 closed up 0.21%, Germany’s DAX advanced 0.34% and France’s CAC 40 closed stronger by 0.74%.

US

United States stock exchanges were in the positive territory on Thursday. The Dow Jones Industrial Average index gained 0.06%, the Nasdaq 100 climbed 0.61% and the S&P 500 was up 0.24% at 4:28 am ET.

Major stock markets in the U.S. closed in the positive territory on Thursday as tech companies’ earnings reports pulled the indices up. The Nasdaq surged 1.8%, the S&P 500 shot up 1.1% and the Dow climbed 0.6%. The strength on Wall Street came following the release of some upbeat U.S. economic data, including a Commerce Department report showing U.S. economic activity surged by more than expected in the fourth quarter of 2022.

COMMODITIES


OIL

Oil prices were up in early Asian trade. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45, according to Reuters.

GOLD

Gold prices hit a nine-month high on Thursday before trading steady. Spot gold was flat at $1,944.96 per ounce, as of 0244 GMT, after hitting its highest since April 2022. U.S. gold futures were up 0.2% at $1,945.60, according to Reuters.

FOREX


The euro was flat against the dollar at 8:57 am CET, selling for $1.09182. In comparison, the pound was up by 0.06% to go for $1.24046 simultaneously.



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