After statistics on weekly unemployment and inflation, US stocks concluded the day with a mixed bag. In order to gain insight into the Fed’s stance for monetary policy, investors are eagerly anticipating the employment numbers that are coming on Friday – Global market update.
In order to reach 4,507.66, the S&P 500 dropped 7.21 points, or 0.16%. 168.33 points, or 0.48%, were lost by the Dow Jones Industrial Average, which now stands at 34,721.91.
At 14,034.97, the Nasdaq Composite increased by 15.66 points, or 0.11%.
According to a report released by the commerce department on Thursday, the Personal Consumption Expenditures (PCE) price index, which is regarded as the Federal Reserve’s preferred inflation gauge, increased 3.3% in July on an annual basis. The core PCE price index increased 4.2% in July over the same period last year when volatile food and energy components were excluded.
Unemployment claims decreased to 228,000 for the week ending August 26 according to a weekly data.
After Salesforce released optimistic sales projections, its stock price increased by 3%.
Intel saw a 1.8% gain while Broadcom increased by 3.4%.
From 4.11% late on Wednesday, the yield on the 10-year Treasury note decreased to 4.10%. The 2-year treasury rate decreased slightly, from 4.88% to 4.85%.
Currencies – Global market update.
Japanese yen decreased from 146.20 to 145.45 for the US dollar. At $1.0846, it decreased to $1.0923 when compared to the euro.
Europe
The STOXX 600 index of all European stocks ended the day flat, down 0.2% from the previous day.
Due to a comprehensive initiative to reduce costs by over $10 billion, the Swiss bank UBS Group saw a 6.1% increase.
The financial services index increased by 1.5 percent.
Stocks related to real estate increased 1.6%.
Asia
The Hong Kong Hang Seng index fell 0.6% on Asian stock exchanges to close at 18,382.06. At 3,119.88, the Shanghai Composite index of China decreased 0.6%. Nikkei 225 index for Japan increased 0.9% to 32,619.34.
While its services deteriorated, industry activity in China decreased once more in August.
The S&P/ASX 200 index for Australia finished the day at 7,305.3, up 0.1%. The S&P/NZX 50 index, which serves as a benchmark, increased 0.3% to 11,554.48 in New Zealand.
Costs of energy
The benchmark US crude oil price for October delivery increased $2 on Thursday to $83.63 a barrel. Increased $1 to $86.86 per barrel for October delivery of Brent crude.
The price of natural gas for October delivery decreased by 3 cents to $2.77 per 1,000 cubic feet.
Bullion
At $1,965.90 per ounce, the price of gold for December delivery dropped $7.10. At $24.81 per ounce, December delivery silver lost 29 cents.
