Global markets – At $2.73 per 1,000 cubic feet for October delivery, natural gas prices increased by 9 cents.
Bullion
At $1,953.40 per ounce, gold for December delivery increased $7.20. At $23.50 per ounce, silver for December delivery increased by 11 cents.
Prior to the Federal Reserve’s expected announcement on key interest rates on Wednesday, US markets closed flat on Monday – Global markets.
At 4,453.58 points, the S&P 500 increased 3.26 points, or 0.07%. At 13,710.32, the Nasdaq Composite rose 1.99 points, or 0.01%. At 34,624.03, the Dow Jones Industrial Average increased 5.79 points, or 0.02%.
After stronger-than-expected inflation figures for August, the US central bank is anticipated to maintain interest rates at their current levels.
This week will also see the issuance of the quarterly Summary of Economic Projections from the Federal Open Markets Committee (FOMC).
On Monday, US Treasury Secretary Janet Yellen stated that she does not believe there is a chance of an economic downturn. She added, however, that a government shutdown might result in a loss of momentum, which is a danger we don’t need right now.
The 10-year Treasury yield decreased slightly from 4.33% late on Friday to 4.31%. The yield on 2-year Treasury notes remained constant at 5.04%.
General Motors’ stock dropped 1.8%, while Ford’s shares dropped 2.1%.
Oil price growth boosted energy stock prices. Marathon Petroleum increased 1.6%, while Exxon Mobil gained 0.8%.
Currencies
The US dollar dropped from 147.86 Japanese yen to 147.75 yen. It increased to $1.0679 against the euro from $1.0661.
Europe
On Monday, European stocks decreased in value.
The STOXX 600 index for all of Europe fell 1.1%.
The FTSE 100 in Britain dropped 0.8% to 7,652.94. The DAX in Germany fell 1.1% to 15,727.12. The CAC 40 in France dropped 1.4% to 7,276.14.
After announcing that it anticipated modest yearly sales growth over the next few years, French bank Societe Generale saw a 12.1% decline in its share price.
The index of eurozone banks decreased 1.9%.
Following news that US drug inspectors had just published a report outlining quality control failures at the company’s North Carolina factory, shares of pharmaceutical company Novo Nordisk fell 2.4%.
Against the euro, the Swedish crown fell to a record low amid expectations that the Riksbank would increase interest rates once more.
Asia
On Monday, the financial markets in Asia were volatile.
The Hang Seng index for Hong Kong decreased 1.4% to 17,930.55. Shanghai Composite increased 0.3% in China to 3,125.93.
The Nikkei 225 in Japan was closed due to a holiday.
The S&P/ASX 200 index for Australia decreased 0.7% to 7,230.40. The benchmark S&P/NZX 50 index for New Zealand increased 0.4% to 11,397.00.
Energy costs
The benchmark price for US crude oil for October delivery increased 71 cents to $91.48 per barrel on Monday. At $93.43 a barrel, November delivery of Brent crude gained 50 cents.
At $2.73 per 1,000 cubic feet for October delivery, natural gas prices increased by 9 cents.
Bullion
At $1,953.40 per ounce, gold for December delivery increased $7.20. At $23.50 per ounce, silver for December delivery increased by 11 cents.
