On Wednesday, global stock markets showed mixed results as various indices across the world experienced fluctuations. Shares in Canada, the UK and Europe fell, while Asia most bourses finished stronger. Middle East markets were stronger whereas the South African stock markets finished lower. Oceania stocks were mixed with a rise in New Zealand and falls in Australia. Here is a detailed summary of the closing figures for Wednesday for major indices:
Wallstreet market:
U.S. stock markets made minor gains on Wednesday as investors and traders consolidated recent run-ups to record highs in the major indices.
S&P 500: The S&P 500 index closed at 5,477.90, rising by 8.60 points, an increase of 0.16%. The trading volume was 2.487 billion shares.
Dow Jones Industrial Average: The Dow Jones Industrial Average ended the session at 39,127.80, gaining 15.64 points, or 0.04%, with a trading volume of 331.347 million shares.
NASDAQ Composite: The NASDAQ Composite index closed at 17,805.16, up by 87.50 points, reflecting a gain of 0.49%. The trading volume was 4.769 billion shares.
European market
UNITED KINGDOM:
FTSE 100: The UK’s FTSE 100 index closed at 8,225.33, falling by 22.46 points, which is a decline of 0.27%.
EUROPE:
DAX PERFORMANCE-INDEX: Germany’s DAX ended the session at 18,155.24, down by 22.38 points, or 0.12%.
CAC 40: In France the CAC 40 index closed at 7,609.15, losing 53.15 points, representing a drop of 0.69%.
Euronext 100 Index: This index closed at 1,493.37, decreasing by 8.85 points, translating to a decline of 0.59%.
Asian market:
Nikkei 225: In Japan the Nikkei 225 surged by 493.92 points to close at 39,667.07, an increase of 1.26%.
HANG SENG INDEX: Hong Kong’s Hang Seng Index closed at 18,089.93, gaining 17.03 points, or 0.09%.
The BSE Sensex and Nifty50, the Indian equity benchmark indices, continued to scale new highs in trade on Wednesday and saw record closing highs. While BSE Sensex closed above 78,600, Nifty ended the day above 23,800. BSE Sensex closed at 78,674.25, up 621 points or 0.79%. Nifty50 ended the trading day at 23,868.80, up 148 points or 0.62%.
Commodities:
Gold prices were subdued on Wednesday ahead of crucial U.S. inflation data due this week, which could offer more clarity on the timing of the Federal Reserve’s first interest rate cut this year.
Spot gold was flat at $2,319.95 per ounce, as of 0337 GMT. U.S. gold futures held their ground at $2,331.30.
Silver prices fell on Wednesday as market participants awaited the release of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure (PCE) Price Index, after releases from major countries hinted at a reacceleration of inflation. The XAG/USD spot price is at $28.76, down by 0.46%.
Platinum climbed 0.8% to $989.70, while palladium lost 0.5% to $943.49.
West Texas Intermediate (WTI) futures on NYMEX trade close to an eight-week high near $82.00 in Wednesday’s European session. The Oil price has remained bullish for almost three weeks on hopes of strong demand due to severe heatwaves in the Northern Hemisphere amid the summer vacation season.
Forex:
On Wednesday, the foreign exchange markets displayed a range of movements among major currency pairs. There was overall USD strength seen yesterday. Here is a summary of the latest rates:
EUR/USD (Euro / US dollar): The euro weakened against the U.S. dollar, falling to 1.0681, a decrease of 0.30%.
USD/JPY (US dollar / Japanese yen): The Japanese yen was sold off sharply to 160.79, decline of 0.71%.
USD/CAD (US dollar / Canadian dollar): The Canadian dollar, slipped to 1.3699, down by 0.31%.
GBP/USD (British pound / US dollar): The British pound fell against the dollar, ending the day around 1.2625, a decline of 0.47%.
USD/CHF (US dollar / Swiss franc): The Swiss franc weakened to 0.89732, down by 0.30%.
AUD/USD (Australian dollar / US dollar): The Australian dollar saw a slight increase against the greenback, advancing to 0.6651, up by 0.07%.
NZD/USD (New Zealand dollar / US dollar): The New Zealand dollar also strengthened against the dollar, settling at 0.6083, marking an increase of 0.61%.
EVENTS for Today:
| TIME GMT + 4 | REGION | EVENTS | FORECAST | PREVIOUS |
| 16:30 | U.S. | Durable Goods Orders (MoM) (May) | -0.5% | 0.7% |
| 16:30 | U.S. | GDP (QoQ) (Q1) | 1.3% | 3.4% |
| 16:30 | U.S. | Initial Jobless Claims | 236k | 238k |
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