Index and stock market conditions, oil, gold, and foreign currency markets as of 27 Sep. 2023
— The Dow Jones New York Stock Exchange Index closed negative on Wednesday (Sept. 27) amid volatile trading. The market was pressured by US government bond yields that rose to their highest level in more than 15 years, as well as concerns that a surge in oil prices could cause inflation and result in the US Federal Reserve (Fed) maintaining Interest rates have been high for a long time.
The Dow Jones Industrial Average closed at 33,550.27 points, down 68.61 points or -0.20%, the S&P 500 index closed at 4,274.51 points, up 0.98 points or +0.02%, and the Nasdaq index closed at 13,092.85 points, up 29.24 points or +0.22%.
— European stock markets closed lower on Wednesday (Sept. 27) for the fifth day in a row, with European real estate stocks falling after brokers weighed in on British real estate companies. Meanwhile, Dutch insurance stocks fell after forecasts of a negative business outlook. And UBS Bank shares also dropped.
The STOXX 600 Index closed at 446.91 points, down 0.79 points or -0.18%, which is the lowest level in 6 months.
The CAC-40 index on the French stock market closed at 7,071.79 points, down 2.23 points or -0.03%, the DAX index on the German stock market closed at 15,217.45 points, down 38.42 points or -0.25%, and the FTSE 100 index on the London stock market closed at 7,593.22 points, down 32.50 points or -0.43%
— The London Stock Exchange closed negative on Wednesday (Sept. 27), with real estate stocks falling to their lowest level in a month after Jefferies revealed that The London office market is in the doldrums.
The FTSE 100 London Stock Exchange Index closed at 7,593.22 points, down 32.50 points or -0.43%.
— West Texas crude oil contract (WTI) in New York closed up more than 3% on Wednesday (Sept. 27) after the United States revealed that crude oil stocks dropped more than expected last week. This will make the oil supply in the world market face tightness.
The WTI crude oil contract is for delivery in November. Increased $3.29 or 3.6% to close at $93.68/barrel. This is the highest closing level since 29 August 2023.
The Brent crude oil contract (BRENT) will be delivered in November. Rose $2.59 or 2.8% to close at $96.55/barrel. This is the highest closing level since 7 Nov. 2022.
— New York gold contracts closed down to their lowest level in more than six months on Wednesday (Sept. 27) as the strengthening of the dollar was a factor in putting pressure on the market. In addition, the gold contract fell out of support at The $1,900 level is also a source of technical selling pressure.
The COMEX (Commodity Exchange) gold contract will be delivered in December. fell $28.90, or 1.51%, to close at $1,890.90/ounce. This is the lowest closing level since March 10, 2023.
Silver contract for delivery in December. fell 47.20 cents, or 2.03%, to close at $22.724/ounce.
Platinum contract for delivery in October. fell $17.90 or 1.96% to close at $896.30/ounce.
Palladium contract for delivery in December. fell $2 or 0.16% to close at $1223.70/ounce.
— The U.S. dollar rose against major currencies in trading on the New York Forex Exchange on Wednesday (Sept. 27) after U.S. Treasury yields rose to their highest in more than 15 years. The dollar was also supported by the prospect that the Federal Reserve (Fed) will keep interest rates high for a long time to stem inflation.
The dollar index, which measures the dollar’s movement against six major currencies, rose 0.41% to 106.6639.
The dollar rose against the yen to 149.5950 yen from 149.0710 yen on Tuesday, while the Swiss franc rose to 0.9208 franc from 0.9152. The franc strengthened against the Swedish krona to 11.0471 kronor from 11.0285 kronor, but the US dollar weakened against the Canadian dollar to 1.3510 Canadian dollars from 1.3521 Canadian dollars.
The euro fell against the dollar to $1.0508 from $1.0566 on Tuesday. Meanwhile, the pound weakened to 1.2137 dollars from 1.2157 dollars.
The New York Stock Exchange DJIA index closed at 33,550.27 points, down 68.61 points, -0.20%.
The S&P500 New York Stock Exchange index closed at 4,274.51 points, up 0.98 points, +0.02%.
The NASDAQ New York Stock Exchange index closed at 13,092.85 points, up 29.24 points, +0.22%.
The FTSE 100 London Stock Exchange Index closed at 7,593.22 points, down 32.50 points, -0.43%.
The French stock market CAC-40 index closed at 7,071.79 points, down 2.23 points, -0.03%.
The German stock market DAX index closed at 15,217.45 points, down 38.42 points, -0.25%.
The S&P/ASX 200 Australian stock market index closed at 7,030.30 points, down 7.90 points, -0.11%.
The Australian stock market ALL ORDINARIES index closed at 7,229.80, down 8.50 points, -0.12%.
The Japanese stock market NIKKEI 225 index closed at 32,371.90 points, up 56.85 points, +0.18%.
The KOSPI South Korean stock market index closed at 2,465.07 points, up 2.10 points, +0.09%.
TAIEX index, Taiwan stock market, closed at 16,310.36 points, up 34.29 points, +0.21%.
The SSE Composite Index of the Chinese stock market closed at 3,107.32 points, up 5.04 points, +0.16%.
The HSI Hong Kong Stock Exchange Index closed at 17,611.87 points, up 144.97 points, +0.83%.
The Indian stock market SENSEX index closed at 66,118.69 points, up 173.22 points, +0.26%.
The Jakarta Composite Index of the Indonesian stock market closed at 6,937.83 points, up 14.03 points, +0.20%.
The PSE Composite Index of the Philippine Stock Market closed at 6,374.68 points, up 110.74 points, +1.77%.
FBMKLCI Malaysian stock market index closed at 1,440.11 points, down 5.44 points, -0.38%.
The FTSE STI Singapore Stock Exchange Index closed at 3,200.03 points, down 15.04 points, -0.47%.
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