NEW YORK, New York – The consumer price index (CPI), for July, rose 0.2 percent, to an annualized 2.9 percent, the lowest rate in two-and-a-half years.
Thank you for reading this post, don't forget to subscribe!Excluding food and energy, core CPI rose 0.2 pfor the 12 months annualized at 3.2 percent, in line with expectations. “….For More READ THE FULL ARTICLE HERE ▶▶
“The index for shelter rose 0.4 percent in July, accounting for nearly 90 percent of the monthly increase in the all items index. The energy index was unchanged over the month, after declining in the two preceding months. The index for food increased 0.2 percent in July, as it did in June. The food away from home index rose 0.2 percent over the month, and the food at home index increased 0.1 percent,” the Bureau of Labor and Statistics said its report Wednesday. The full report appears at the end of this article.
Following is a roundup of the closing quotes for the major U.S. indices:
The Standard and Poor’s 500 saw an increase of 20.78 points, closing at 5,455.21, which represents a gain of 0.38 percent. This rise continues the positive momentum in the broad market, driven by gains across multiple sectors.
The Dow Jones Industrial Average experienced a significant rise, adding 242.75 points to finish at 40,008.39, marking an increase of 0.61 percent. This uptick highlights the strong performance of blue-chip stocks within the index.
The NASDAQ Composite also ended the day in positive territory, albeit with a modest gain of 4.99 points to close at 17,192.60, up by 0.03 percent. This slight increase reflects the mixed performance within the technology-heavy index.
Latest Foreign Exchange Market Update for Wednesday....For More READ THE FULL ARTICLE HERE ▶▶
On Wednesday, the foreign exchange market saw various movements among major currency pairs, with the US dollar showing mixed performance against other global currencies.
The Euro saw a modest increase against the U.S. dollar with the EUR/USD pair rising by 0.19 percent to 1.1014.
The Japanese yen, weakened with the USD/JPY pair settling at 147.33, marking drop of 0.35 percent.
In North America, the U.S. dollar showed a slight gain against the Canadian dollar, with the USD/CAD pair inching up by 0.07 percent to 1.3715.
The British pound weakened, with the GBP/USD pair decreasing by 0.23 percent to 1.2830.
The Swiss franc edged down 0.05 percent to 0.8652.
In the Asia-Pacific region, the Australian dollar fell sharply against the U.S. dollar. The AUD/USD pair declined by 0.51 percent, to last trade at 0.6599.
Similarly, the New Zealand dollar experienced a significant drop against drop. The NZD/USD pair decreased by 1.28 percent to 0.5999.
These movements in the foreign exchange market reflect the ongoing fluctuations in global currencies, with the U.S. dollar showing strength against several major currencies, while others like the Australian and New Zealand dollars weakened significantly.
Global Stock Market Overview for Wednesday….For More READ THE FULL ARTICLE HERE ▶▶
On Wednesday, global stock markets saw a mixture of gains and losses, with major indices across various regions closing with notable movements. Stocks in the UK, Europe, Oceania, the Middle East and Africa swept higher, while in mainland China and Hong Kong the main indices were in retreat.
CANADA
In Canada, the S&P/TSX Composite index rose by 141.83 points, closing at 22,760.01, an increase of 0.63 percent. This gain underscores the strength of the Canadian market, particularly in energy and financial sectors.
UNITED KINGDOM
The FTSE 100 in London climbed by 45.82 points, ending the day at 8,281.05, marking an increase of 0.56 percent.
EUROPE
Similarly, Germany’s DAX PERFORMANCE-INDEX advanced by 73.55 points to close at 17,885.60, a gain of 0.41 percent.
IN France the CAC 40 was also in positive territory, rising by 57.49 points to finish at 7,333.36, up by 0.79 percent.
The broader ESTX 50 PR.EUR increased by 32.68 points, closing at 4,727.60, up by 0.70 percent.
The Euronext 100 Index added 7.83 points, closing at 1,447.87, which is an increase of 0.54 percent.
However, Belgium’s BEL 20 saw a slight decrease, falling by 15.27 points to 4,034.23, down by 0.38 percent.
ASIA
In Asia, Japan’s Nikkei 225 gained 209.92 points to close at 36,442.43, up by 0.58 percent.
In contrast, in Hong Kong the HANG SENG INDEX dropped by 60.70 points to 17,113.36, a decline of 0.35 percent.
Mainland China’s markets saw mixed results with the SSE Composite Index down by 17.29 points at 2,850.65, a loss of 0.60 percent, while the Shenzhen Index fell sharply by 98.23 points to close at 8,311.00, down by 1.17 percent.
In Singapore the STI Index experienced a strong performance, rising by 27.71 points to 3,286.28, an increase of 0.85 percent.
OCEANIA
Australia’s S&P/ASX 200 gained 23.90 points, closing at 7,850.70, up by 0.31 percent.
The Australian ALL ORDINARIES also rose, adding 28.00 points to finish at 8,070.20, an increase of 0.35 percent.
New Zealand’s S&P/NZX 50 INDEX GROSS surged by 253.47 points, closing at 12,572.53, up by 2.06 percent.
In India the S&P BSE SENSEX added 149.85 points, closing at 79,105.88, up by 0.19 percent.
Malaysia’s FTSE Bursa Malaysia KLCI edged up by 2.83 points to 1,612.35, an increase of 0.18 percent.
In South Korea the KOSPI Composite Index increased by 23.00 points to finish at 2,644.50, a gain of 0.88 percent.
Taiwan’s TSEC weighted index was also up, rising by 230.68 points to 22,027.25, an increase of 1.06 percent.
MIDDLE EAST
In the Middle East, Israel’s TA-125 rose by 35.15 points to close at 2,007.89, a gain of 1.78 percent.
In Egypt the EGX 30 Price Return Index increased by 236.00 points, closing at 29,567.00, up by 0.80 percent.
AFRICA
In South Africa, the Top 40 USD Net TRI Index climbed by 47.99 points to 4,432.62, marking a rise of 1.09 percent…..For More READ THE FULL ARTICLE HERE ▶▶
