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Dow closes above 200 points, SET weighs Fed officials’ comments on rate hike plans

Stock market, oil, gold and foreign money market indices and conditions as of November 14, 2022.

Dow Jones New York Stock ExchangeIt closed more than 200 points down on Monday (November 14), with real estate and financials leading the market. While investors are weighing Federal Reserve (Fed) officials’ views on plans to raise interest rates. Along with the release of the Producer Price Index (PPI), which measures inflation from producers’ spending.

The Dow Jones Industrial Average closed at 33,536.70 points, down 211.16 points or -0.63%, the S&P 500 closed at 3,957.25 points, down 35.68 points or -0.89% , and the Nasdaq closed at 11,196.22 points, down 127.11 points or -1.12%. .

European stock marketThe stock market closed higher on Monday (November 14), buoyed by bright earnings prospects from publicly traded companies, as investors will watch this week’s release of key economic data such as inflation and products data.

The STOXX 600 index closed at 432.86 points, up 0.60 points, or +0.14%.

The French stock exchange’s CAC-40 index closed at 6,609.17 points, an increase of 14.55 points or +0.22%, the German stock exchange’s DAX index closed at 14,313.30 points, an increase by 88.44 points or +0.62% and the FTSE 100 London Stock Market index closed at 7,385.17 points, an increase of 67.13 points or +0.92%

London Stock ExchangeThey closed higher on Monday (November 14), supported by a weaker pound, which helped support dollar-gaining exports. As traders await the release of the UK government’s tax return this week.

The FTSE 100 London Stock Exchange closed at 7,385.17 points, up 67.13 points, or +0.92%.

West Texas Crude Oil (WTI) contract. New York shares closed more than 3% down on Monday (November 14) as investors feared China would implement lockdown measures to curb the spread of COVID-19. Moreover, after more infections were found, the appreciation of the dollar currency was also a factor that put pressure on the oil market.

The WTI Crude Oil contract is delivered in December. It lost $3.09, or 3.5%, to $85.87 a barrel.

The contract for Brent crude oil (BRENT) is delivered in January. It was down $2.85, or 3%, to $93.14 a barrel.

golden contractNEW YORK (Reuters) – New York markets closed higher on Monday after Federal Reserve Vice Chairman Lael Brainard signaled the Fed would soon slow interest rate hikes.

COMEX (Commodity Exchange) gold contract is delivered in December. rose $7.5, or 0.42%, to close at $1,776.9/ounce.

Silver metal contracts delivered in December. it rose 44.6 cents, or 2.06%, to close at $22.113/ounce.

The platinum deal was delivered in January. down $5.1, or 0.49%, to close at $1,033/ounce.

The palladium contract was delivered in December. it rose $13, or 0.6%, to close at $2,039.50 an ounce.

American DollarThe dollar was up against major currencies traded on the New York Stock Exchange on Monday (November 14) after Federal Reserve officials said the Fed would continue to fight inflation. Meanwhile, investors are keeping tabs on the release of the Producer Price Index (PPI), which measures inflation on producer spending.

The dollar index, which measures the greenback against a basket of six major currencies, rose 0.34% to 106.6590.

The dollar strengthened against the yen to 139.88 yen from 138.53 yen and against the Swiss franc to 0.9415 francs from 0.9412 francs with the Canadian dollar at 1.3286 CAD from 1.3248 CAD. It appreciated against the Swedish krona at 10.4512 kroner from 10.3512 kroner.

The euro was weaker against the dollar, at $1.0354 from $1.0366, and the pound weakened to $1.1779 from $1.1854.

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