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Tuesday 24.04.2018 | Name days: Nameda, Visvaldis, Ritvaldis

Exchange indexes and oil prices increase in USA and Europe

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 24 October, exchange indexes in USA increased after leading manufacturing companies showed better profit indexes. Exchange indexes in Europe also increased prior to an important meeting of the European Central Bank.

US exchange index Dow Jones Industrial Average reached its sixth record in the past seven trade sessions. Prices of shares of Caterpillar and 3M increased once profit indexes improved. However, US exchange indexes were lower on Monday, 23 October.

«We have noticed rotation in stocks, which are very sensitive to economic growth,» says Cornerstone Wealth Management head investment manager Alan Skrainka. He admits that investors’ mood was also improved by the progress made by US administration in regards to tax reduction.

Eurozone’s traders were originally waiting for Thursday, when European Central Bank’s announcement regarding significant reduction of its financial stimuli for Eurozone’s economy.

Oil prices increased at New York and London exchange.

It should be added that Euro value before US dollar increased, British pound sterling value before US dollar decreased, and US dollar value before Japanese yen increased.

New York exchange’s WTI brand crude oil price for December supplies grew on Tuesday by USD 0.57 to reach 52.47 USD/barrel. London exchange’s Brent brand crude oil price for December supplies grew by USD 0.96 to reach 58.33 USD/barrel.

Dow Jones Industrial Average index grew 0.7% on Tuesday (to 23,44.76 points). Standard & Poor’s 500 index grew by 0.2% (to 2,569.13 points), whereas Nasdaq Composite index grew 0.2% (to 6,598.43 points).

London FTSE 100 index grew by less than 0.1% on Tuesday (to 7,526.54 points). Frankfurt DAX 30 index grew 0.1% (to 13,013.19 points), whereas Paris CAC 40 index grew by 0.2% (to 5,394.80 points). Madrid IBEX 35 index grew 0.5% (to 10,215.60 points).

Euro value before US dollar grew from 1.1749 to 1.1760 USD/EUR, British pound sterling value before US dollar dropped from 1.3198 to 1.3131 USD/GBP, whereas US dollar value before Japanese yen grew from 113.43 to 113.93 JPY/USD.

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