Friday, June 21, 2024

Recovery of global stocks and continued decline in oil prices

Date:

D + D – Normal size

Global stock markets rebounded yesterday on signs of progress in negotiations between Russia and Ukraine, and European stocks opened with strong gains yesterday, as did Asian and Wall Street markets as investors looked forward to the outcome of the peace talks between Moscow and Kiev. In Turkey.

The Pan-European Stoxx 600 index rose 8%, extending its gains for the third consecutive session, with continuous waves of selling on bonds.

Major U.S. stock indices rose early, and the Dow Jones Industrial Average opened trading on the Wall Street Stock Exchange, up 0.45% to 35114.35 points, while the benchmark Standard & Poor’s 500 Index was up 0.60% at 4,602. The Nasdaq Joint Index was up 1.01% at 14500.39 points.

Japanese stocks ended higher yesterday, following in the footsteps of US stocks last night, and car and shipping companies led the gains.

The Nikkei index was up 1.1% at 28,252.42 points and the broader topic index was up 0.93% at 191.66 points.

International oil prices continued to fall for the second day in a row in Asian markets yesterday, where West Texas Intermediate crude for US oil traded 7% lower at $ 105 a barrel yesterday. Fears that demand for crude oil will decline in light of the growing corona virus outbreak in China could lead to restrictions on its movement.

Print
Email




Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

The best ways to protect your skin from sun damage in 2024

Caring for your skin is a healthy lifestyle that...

The easiest way to access the best UAE stocks

The most common way to invest in the UAE...

The Rising Demand for Model Ships in Dubai

Dubai, known for its stunning architecture and vibrant economy,...

Exhibition Stand Builders in Dubai

Dubai, a global hub for trade and commerce, is...