EUROPEAN AND ASIAN MARKETS
European inventory markets additionally rose, with the Paris CAC 40 main the way in which, boosted by an increase in luxurious shares.
Merchants dismissed knowledge exhibiting that inflation edged up in France and Spain in June, even because it added to hypothesis that the European Central Financial institution would possibly pause its rate of interest minimize cycle.
In Asia, Tokyo rallied a couple of per cent to interrupt 40,000 factors for the primary time since January, whereas Hong Kong and Shanghai equities closed decrease.
WEAKER DOLLAR
The greenback held round three-year lows on Friday as merchants guess on US rate of interest cuts, particularly after Trump hinted at changing Fed chief Jerome Powell.
The prospect of decrease borrowing prices despatched the Greenback Index, which compares the dollar to a basket of main currencies, to its lowest stage since March 2022.
Weak financial knowledge on Thursday, exhibiting that the world’s high financial system contracted greater than beforehand estimated within the first quarter and softer client spending, additional fuelled charge minimize expectations.
KEY FIGURES AT AROUND 1530 GMT
New York – Dow: UP 0.9 per cent at 43,783.12 factors
New York – S&P 500: UP 0.6 per cent at 6,177.84
New York – Nasdaq Composite: UP 0.6 per cent at 20,280.39
London – FTSE 100: UP 0.7 per cent at 8,798.91 (shut)
Paris – CAC 40: UP 1.8 per cent at 7,691.55 (shut)
Frankfurt – DAX: UP 1.6 per cent at 24,033.22 (shut)
Tokyo – Nikkei 225: UP 1.4 per cent at 40,150.79 (shut)
Hong Kong – Hold Seng Index: DOWN 0.2 per cent at 24,284.15 (shut)
Shanghai – Composite: DOWN 0.7 per cent at 3,424.23 (shut)
Euro/greenback: UP at US$1.1714 from US$1.1701 on Thursday
Pound/greenback: DOWN at US$1.3713 from US$1.3725
Greenback/yen: UP at 144.81 yen from 144.44 yen
Euro/pound: UP at 85.43 pence from 85.22 pence
West Texas Intermediate: UP 1.1 per cent at US$65.96 per barrel
Brent North Sea Crude: UP 0.7 per cent at US$67.17 per barrel
