European stocks managed to improve their position as most of the European economies are in stable conditions. The European stock market also benefited from the territorial gains made by the Ukrainian armed forces. The investors are closely watching the development of the Russia-Ukraine war and calculating its effect on the markets. The CAC 40 futures in France managed to climb by 0.9%, and the DAX futures contract in Germany registered growth of 1.4%. Also, the FTSE 100 futures contract in the UK managed to climb by 1%.
The month of September has started on a positive note, and the investors are happy to see the healthy gains in the European markets. Ukraine is giving a very tough resistance to Russia, and many investors are hopeful that the conflict will come to an end. In the UK, the gross domestic product increased by 0.2% in July from June. Almost all the European countries are registering growth. Small fluctuations are very normal, but overall the situation is completely stable. The Philips (AS:PHG) stock managed to rise by 1.5% and the Swiss Re (SIX:SRENH) stock also managed to rise by 1%. The smart investors also take into account global geopolitical tensions, climate change and macroeconomic developments. All these aspects play a major role in ensuring stabilization of global markets.
The US market continues to remain strong
The Wall Street equity indexes registered growth. Some investors were eager to collect information from August data and others were happy to notice the progress of Ukraine in its ongoing war with Russia. The US treasury yields were stable, and the bond investors were waiting for consumer price data. The senior portfolio managers and other financial experts closely monitor the level of inflation as well. The Dow Jones Industrial Average (.DJI) managed to grow by 0.71% or 229.63 points. It climbed to 32,381.34. The Nasdaq Composite (.IXIC) climbed 1.27% or 154.10 points. It managed to touch the figure of 12,266.41. The S&P 500 (.SPX) managed to gain 1.06% or 43.05 points. It climbed to 4,110.41.
The pan-European STOXX 600 index (.STOXX) registered a gain of 1.76% and the MSCI's gauge of stocks across the globe (.MIWD00000PUS) climbed by 1.26%. European stocks strengthened due to the strong position of Ukraine. In reaction to Ukraine's impressive advance, the Euro also gave hope and reacted positively. Sterling registered a gain of 0.78%, and it was trading at $1.1677.
Oil and gold continue to remain in a strong position
The prices of oil are fluctuated by aspects such as demand and supply. The oil prices continue to remain high. Many countries stock traging energy to face harsh winters. The US crude made a gain of $0.99, and it was standing at $87.78 per barrel. Brent climbed by 1.25% or $1.16. It was standing at $94.00. Spot gold managed to climb 0.6%, and it was standing at $1,725.73 an ounce. Similarly, the gold futures registered a gain of 0.67%, and it was standing at $1,728.10 an ounce.
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