With the rise of the index, trading started on Thursday in the US securities markets after a strong closing of the previous day.
At the beginning of trading in New York, the DJIA-30 index was 0.11 percent, the S & P-500 index was 0.03 percent, and the Nasdaq Composite index showed an increase of 0.06 percent.
The interest rate cut-off intention of the US exchange rate indices from the Beige Book published on Wednesday by the Fed gave a boost. The President of the Fed has already expressed its willingness earlier this week to support the US economy in a more difficult situation in the face of trade conflicts with its loose monetary policy. Thanks to this, the DJIA index achieved its second best performance this Tuesday with more than 500 points.
With Wednesday closing, the DJIA index has already gained nearly three percent of profits since the beginning of the week. The S & P-500 index also rose nearly three percent since the beginning of the week, and the Nasdaq Composite is over one and a half percent off. The momentum seems to continue in Thursday’s trading.
The oil price somewhat corrected the fall of the previous day. Brent has reached its lowest price below $ 60, and WTI at $ 50 since January, to build crude oil stocks and respond to the US production record.
At the beginning of US trading, the price of the WTI was $ 51.70 per barrel higher by 0.04 percent, while the price of Brent rose by 0.35 percent to $ 60.87.
The euro strengthened by 0.50 percent to $ 1.1275, after refraining from all references to future interest rate cuts in the reasoning of the ECB’s interest rate decision, contrary to market expectations.
The price of gold was 0.36 percent per ounce for $ 1338.45.