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From: Ahmed Shawky
Direct: Equities outperformed global market gains at the end of Thursday's trading, after significant volatility in previous trading sessions.
US equity indices rose sharply at the end of today's session, as the Dow Jones index gained more than 370 points due to rising government bond yields. .
US 10-year Treasury yields peaked at 1.71% the next day, after hitting 1.6% yesterday, the lowest level since 2016..
According to economic data, the number of UI claims in the US declined more than expected during the week, while the cost of US mortgages reached its lowest level in three years.
European equity indices closed at the close, rising more than 1.5% as global markets rallied and bond yields rose.
Japan's Nikkei index also rose for the first time in five sessions with gains in the chip sector.
Oil gains and gold losses
Oil prices rose by more than 2% in current trade, with major producers forecasting reduced supply.
Meanwhile, natural gas inventories in the United States rose less than badysts predicted last week.
Conversely, gold prices fell for the first time in five trading sessions, as investors turned to risky badets, losing the gold metal by more than $ 10.
Goldman Sachs expects the price of gold to reach $ 1,600 an ounce over the next six months.
Economic figures
The wave of interest rate cuts continued to sweep the world, with Serbia having surprised the markets by lowering interest rates by 0.25%, to an unprecedented low of 2.5% .
The Philippines also cut their interest rates for the second time this year to 4.25%, as economic growth slowed.
In contrast, Chinese exports rose 3.3%, the highest pace since March.
In its second disclosure of results as a public company, Uber posted a significant loss of approximately $ 5.2 billion in the second quarter of this year.
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