Global markets update: US stocks dip despite GDP growth
consumer spending and robust business investment. Shares of Honeywell International dropped 5.7% after its revenue fell short of analysts' expectations. Meta Platforms’ stock rose 4.4%.
McDonald’s rose 1.2% after it beat analysts’ forecasts for profits. The yield on the 10-year treasury rose to 4.00% from 3.87% late Wednesday. The 2-year treasury yield rose to 4.92% from 4.85%.
The US dollar fell to 139.35 Japanese yen from 139.99. The euro fell to $1.0975 from $1.1104. European shares rose on Thursday, as Eurozone blue-chip stocks rallied to their highest in more than 15 years.
The EURO STOXX 50 index was up 2.3%, touching its highest level since December 2007. The European Central Bank raised interest rates by 25 basis points to their highest in over two decades. Britain’s FTSE 100 rose 0.2% at 7,692.76.
Germany’s DAX surged 1.7% at 16,406.03. France’s CAC 40 rallied 2.1% at 7,465.24. In Asia, Hong Kong’s Hang Seng index rose 1.4% at 19,639.11.
China's Shanghai Composite fell 0.2% at 3,216.67. Nikkei 225 added 0.7% at 32,891.16. Australia’s S&P/ASX 200 index closed 0.7% higher at 7,455.9.
New Zealand's benchmark S&P/NZX 50 index closed flat. US crude oil benchmark for September delivery rose $1.31 to $80.09 a barrel on Thursday. Brent crude for September delivery rose $1.32 to $84.24 a barrel.
Natural gas for August delivery fell 18 cents to $2.49 per 1,000 cubic feet. Gold for August delivery fell $24.40 to $1,945.70 an ounce. Silver for September delivery fell 60 cents to $24.37 an ounce.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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