Stock prices on the world’s stock exchanges fluctuated in different directions on Wednesday, the 27th of September, while oil prices reached their highest level over the course of more than one year. The value of the US dollar continued to climb.
In New York stock exchange e-commerce the price of WTI crude oil rose 3.6% to 93.68 USD/barrel.
This happened after an unexpected drop of US crude oil reserves.
Wall Street indices went up at the start of the trade session, but ended the session with changes in different directions. European stock market indexes went down.
“In the background there are many trends that create a difficult environment for investors, from rising interest rates to rising oil prices, and the value of the US dollar has increased,” says Cresset Capital Management investment expert Jack Ablin.
The value of US dollar went up
because the higher yield on US bonds made the US currency a more attractive source of investment, intensifying pressure on the euro and the British pound. The US dollar also hit an 11-month high against the Japanese yen.
On Wednesday, the 27th of September, the US stock exchange index Dow Jone Industrial Average went down by 0.2% to 33 550.27. the Standard & Poor’s 500 index went up by less than 0.1% to 4 274.51. Nasdaq Composite index went up by 0.2% to 13 092.85.
London stock exchange FTSE 100 index went down by 0.4% to 7 593.22. Frankfurt stock exchange index DAX went down by 0.3% to 15 217.45. Paris stock exchange index CAC 40 went down by less than 0.1% to 7 071.79.
In New York stock exchange e-commerce, the price of WTI crude oil rose 3.6% to 93.68 USD/barrel on Wednesday. The price of Brent crude on the London Stock Exchange rose 2.8% to 96.55 USD/barrel.
The price of natural gas on the Dutch stock exchange Title Transfer Facility (TTF) went down by 2.5% on Wednesday – to 39.30 EUR/MWh.
The value of the euro against the US dollar on Wednesday fell from 1.0572 to 1.0502 US dollars for the euro, the value of the British pound against the US dollar dropped from 1.2158 to 1.2134 US dollars per pound, and the value of the US dollar against the Japanese yen increased from 149.07 to 149.64 yen per US dollar. The value of the euro against the British pound fell from 86.95 to 86.54 pence per euro.
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