March 29, 2023

Dubai Week

Complete Dubai News World

The Dow Jones Industrial Average is up 0.21% at 34869.37 points

The Dow Jones Industrial Average is up 0.21% at 34869.37 points

Presented by W Al Watan

U.S. Stock Exchange indices on the New York Stock Exchange recorded mixed performance at the close of trading sessions, and the “New York Stock Exchange” index recorded mixed performance.Dow Jones IndustrialAccording to the Saudi Press Agency (SPA) recorded 71.37 points or 0.21% increase to 34869.37 points.

The Nasdaq Joint Index was down 77.73 points

The Nasdaq Joint Index fell 77.73 points, or 0.52%, to 14,969.97 points.Standard & Poor 50012.37 points or 0.28% lower at 4,443.11 points.

Brent crude was up 1.8 percent at $ 79.53 a barrel

In the context of this, oil prices rose for the fifth consecutive session on Monday, and “Brent crude” rose $ 1.44, or 1.8 percent, to $ 79.53 a barrel.

The US crude futures rose $ 1.47 or 2% to $ 75.45 a barrel.

In another context, Beijing criticized the World Trade Organization’s ruling in a dispute with Washington over US measures to curb the import of solar panels.

The U.S. imposed a tariff and quota system in 2018 following complaints from U.S. manufacturers that imports of some crystalline silicon photovoltaic cells had increased.

A panel on “World Trade” rejected China’s four claims and said US actions did not violate global trade rules, with Beijing saying last week that it would appeal the decision.

China described the organisation’s ruling as “false and dangerous” and said the ruling promotes trade protectionism, but Washington said the United States was disappointed that Beijing had now decided to go ahead with the report, despite China’s harmful evidence. Market practices.

It is noteworthy that by gradually reducing the tariff rate by 30% from the initial phase rate, US preventive measures will last for 4 years.

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