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Principale » US stocks edge higher in early trading; oil prices rise

US stocks edge higher in early trading; oil prices rise

23 Septembre 2017

The Dow Jones industrial average .DJI rose 39.45 points, or 0.18 percent, to end at 22,370.8, the S&P 500 .SPX gained 2.78 points, or 0.11 percent, to 2,506.65 and the Nasdaq Composite .IXIC added 6.68 points, or 0.1 percent, to 6,461.32.

In Australia, central bank governor Philip Lowe said interest rates were more likely to go up than down but would stay at record lows for some time as inflation remained weak.

The gold price edged higher on Tuesday (September 19) as investors awaited a two-day US Federal Reserve meeting that could provide hints on future monetary policy.

Toshiba sank after saying it would sell its memory chip business for around $18 billion, with its US partner Western Digital vowing to block the deal, which is seen as crucial to the Japanese firm's survival.

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But an address by U.S. President Donald Trump to world leaders at the United Nations on Tuesday and elections in Germany and New Zealand will add extra political uncertainty to the mix this week.

The index that measures the dollar's strength against a basket of currencies dipped 0.1 percent on the day to 92.451 after rising more than 1 percent after the Fed meeting to its highest level in two weeks.

U.S. data showing domestic home construction fell for a second straight month in August weighed on the dollar index earlier. The local currency increased to 91.66 Australian cents from 91.10 cents yesterday and gained to 4.8303 Chinese yuan from 4.7978 yuan. The Russell 2000 index of smaller-company stocks declined 0.1 percent, to 1,440.40.

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There's a cathartic experience that needs to happen and it'll inform what you guys are doing.' And I thought it over. Taking to Twitter she wrote: "This is what depression looked like to us just 36 hrs b4 his death.

ENERGY: Benchmark U.S. crude rose 36 cents to $50.27 a barrel while Brent crude, used to price international oils, advanced 17 cents to $55.67. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

"It doesn't get any more brazenly hawkish from Dr Yellen, who along with the majority of her colleagues are clearly in the December rate hike camp and the markets are reacting to this news", said Stephen Innes, head of Asia-Pacific trading at OANDA.

The Fed's possible move to roll stimulus back further has not stemmed the greenback's weakness this year as other major central banks are considering steps either to slow their bond purchases or raise interest rates.

The pan-European FTSEurofirst 300 index was up 0.3 percent.

The S&P 500 ended slightly higher on Wednesday after the Federal Reserve signaled that it expects another rate hike by year-end and said it would begin reducing its balance sheet.

By Wednesday, most Asian stocks showed mixed sentiments as the Federal Reserve's next announcement comes to a close.

Support for the National Party jumped six points to 46 per cent, according to the One News-Colmar Brunton opinion poll, while support for the opposition Labour party slumped by seven points to 37 per cent.