Global markets today: Equities in US, Europe slip; oil prices rally on uncertainty over Middle East warPersonal FinanceGlobal markets today: Equities in US, Europe slip; oil prices rally on uncertainty over Middle East war

Global markets today: Equities in US, Europe slip; oil prices rally on uncertainty over Middle East war


World markets today:  Global stocks slipped on Wednesday as crude oil prices rallied on burgeoning uncertainty over the Middle East war.

A strike on a Gaza hospital that killed hundreds of Palestinians has increased fears that the Israel-Hamas conflict could spill over into a regional war.

Wall Street

US stocks slid on Wednesday as escalating turmoil in the Middle East dampened risk appetite.

The Dow Jones Industrial Average fell 217.4 points, or 0.64%, at 33,780.25.  The S&P 500 lost 44 points, or 1.01%, at 4,329.2. The Nasdaq Composite dropped 169.70 points, or 1.25%, at 13,364.04.

MSCI’s gauge of stocks across the globe shed 1.01%. Emerging market stocks lost 0.89%. 

The yield on the 10-year treasury rose at 4.91% from 4.84% late Tuesday.

Currencies

The US dollar rose at 149.90 Japanese yen from 149.80. The euro fell at $1.0536 from $1.0569.

Europe

European shares fell on Wednesday, dragged by a drop in shares of chipmakers.

The pan-European STOXX 600 index was down 1.1%, its lowest level in over a week.

Britain’s FTSE 100 edged down 1.1% at 7,588. Germany’s DAX fell 1% at 15,094.91. France’s CAC 40 lost 0.9% at 6,965.99.

The energy sector was the only gainer among major sectoral indices, up 0.3%.

Industrials fell 2%.

Energy prices

The US crude oil benchmark for November delivery rose $1.66 at $88.32 a barrel on Wednesday. Brent crude for December delivery added $1.60 at $91.50 a barrel.

Natural gas for November delivery fell 2 cents at $3.06 per 1,000 cubic feet.

Bullion

Gold for December delivery surged $32.60 at $1,968.30 an ounce. Silver for December delivery added 8 cents at $23.10 an ounce.

Asia

Asian stock markets were mostly down.

Hong Kong’s Hang Seng index edged down 0.2% at 17,732.52.  China’s Shanghai Composite fell 0.8% at 3,058.71.

Japan’s Nikkei 225 ended flat at 32,042.25.

Australia’s S&P/ASX 200 index ended 0.3% higher at 7077.600. New Zealand’s benchmark S&P/NZX 50 index closed 0.6% higher at 11221.480. 

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Updated: 19 Oct 2023, 01:04 AM IST

Disclaimer: Along with publishing our own news, we get news from various sources namely from news wires ANI, PTI, other reputed finance portals and individual journalists. We are not legally liable for any inaccuracies in the news and expect the reader to do their own due diligence.

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Finance enthusiast, Mutual fund expert.




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