Saturday , June 10 2023

After a disturbing week, global share prices are rising


Global stock markets rose on Friday, losing investors ’concerns about economic growth and trade conflicts in the last trading session of the week.

"We are ending a relentless week on a more positive note, while anxious traders across the world will be spending the weekend in a better mood," said Craig Erlam, senior market analyst at Oanda.

Stock prices experienced a volatile week in which hopes for U.S.-China trade negotiations came and went, while economic data and yield bonds showed a possible global recession.

Wall Street indexes rose on Friday as investors relaxed in hopes of progress in the US-China trade war, supported by favorable data from US housing markets.

"The last couple of days [akciju] sellers were pushed out. Instability continues. But I don't see it as a trend start, "said Maris Oga, an analyst at Tower Bridge Advisors.

Investors were also delighted by the news of German magazine Der Spiegel that the German government was ready to increase public spending to avoid any recession, and many economists have already called for it.

Oil prices on New York and London stock exchanges have risen.

The euro depreciated against the US dollar, the British pound against the dollar and the US dollar against the Japanese. The euro was down against the British pound.

WTI crude rose $ 0.40 on Friday to $ 54.87 a barrel, according to the New York City e-commerce market. Brent crude rose $ 0.42 to $ 58.65 a barrel on the London Stock Exchange.

American Industrial Average Dow Jones rose 1.2% to 25,886.01 points on Friday, the Standard & Poor's 500 index rose 1.44% to 2,888.68 points, and the Nasdaq Composite index rose 1.67% to 7895.99 points.

The FTSE 100 of the London Stock Exchange rose 0.7% on Friday to 7,117.15 points, the DAX 30 of the Frankfurt Stock Exchange rose 1.3% to 11,562.74 points, while the CAC 40 of the Paris Exchange rose 1.2% to 5,300. , 79 points.

The euro depreciated against the dollar on Friday, from $ 1,107 to $ 1,1089, the British pound rose from $ 1,2084 to $ 1,2149, and the Japanese yen rose from 106.10 to 106.36 yen per dollar. The euro was down against the British pound from 91.84 to 91.25 cents.

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