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Gold and US stock prices rising BNN

U.S. and European stock prices rose on Wednesday, August 5, as investors hopefully followed talks on a new US economic stimulus package.

“Shares are back on the rise,” said Chris Beauchamp, chief market analyst at IG.

“The fact that both equities and the highest-risk asset (gold) are becoming more expensive shows the situation of investor conflict – they cannot avoid the temptation of shares, but they can also read endless stories about bankruptcies,” he added.

Wall Street Index Nasdaq Composite reached a new record for the third consecutive trading session.

Growth in Europe was driven by positive news, such as the rise in the UK services sector and new car sales, which had fallen during the UK quarantine of COVID-19.

A report by the Supply Management Institute showed that US business activity was better than expected in July, although the employment component of the report performed poorly.

Richard Clarida, deputy head of the US Federal Reserve’s (FRS), told CNBC that “part of the momentum of growth has slowed”.

U.S. Democrats and Republicans have been negotiating a new package for more than a week to help the U.S. economy recover from the effects of the COVID-19 pandemic, but analysts have pointed to reports of progress in those talks.

The airline Delta Air Lines, United Airlines a American Airlines stock prices rose by at least 3%, but the aircraft builder Boeing the share price rose by 5.6%.

Gold prices, which had risen above $ 2,000 an ounce for the first time on Tuesday, continued to rise on Wednesday.

As the COVID-19 pandemic weakens the economy and worsens the global financial outlook, gold prices have risen by more than 30% this year.

US stock index Dow Jones Industrial Average On August 5, the index rose by 1.4% to 27,201.52 points Standard & Poor’s 500 increased by 0.6% to 3327.77 points, but the index Nasdaq Composite increased by 0.5% to 10,998.40 points.

The London Stock Exchange index FTSE 100 rose 1.1% to 6104.72 points on Wednesday, the Frankfurt stock exchange index DAX 30 rose 0.5% to 12,660.25 points, and the Paris stock exchange index CAC 40 rose 0.9% to 4933 .34 points.

In the e-commerce of the New York Stock Exchange, the price of WTI crude oil rose by 1.2% to USD 42.19 per barrel on August 5. Brent The price of crude oil on the London Stock Exchange rose by 1.7% to $ 45.17 per barrel.

The euro rose from 1.1803 to 1.1863 dollars per euro on Wednesday, the British pound against the US dollar rose from 1.3071 to 1.3113 dollars per pound, and the US dollar against the Japanese yen fell from 105.72 to 105.60 yen per dollar. The euro appreciated against the pound sterling from 90.30 to 90.47 pence per euro.

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