Global markets today: US equities decline, European stocks up
World markets today: Global stock markets were mixed on Thursday. The US equities declined, while the European stocks ended higher.
Crude oil prices rose on supply concerns amid the Israel-Hamas conflict.
The iShares MSCI Israel exchange-traded fund (EIS) suffered substantial outflows this week after its price hit a three-year low as clashes between Israel and the Palestinian group Hamas ignited fears of a wider conflict.
US stocks
The US stock indices fell on Thursday after a treasury auction sent bond yields higher.
The S&P 500 lost 27.50 points, or 0.63%, to end at 4,349.45 points. The Nasdaq Composite fell 85.46 points, or 0.63%, at 13,574.22. The Dow Jones Industrial Average shed 173.77 points, or 0.51%, at 33,631.10.
The benchmark 10-year treasury yields surged after the inflation data and advanced further to hit a session high after the auction. The benchmark yield rose as high as 4.728%.
A report showed that US consumer inflation was steady in September.
Currencies
The US dollar rose at 149.84 Japanese yen from 149.26. The euro fell at $1.0527 from $1.0607.
Europe
European stocks pared early gains on Thursday, with the pan-European STOXX 600 index closing up 0.1%.
Britain’s FTSE 100 edged up 0.3% at 7,644.78 points. Germany’s DAX lost 0.2% at 15,425.03. France’s CAC 40 fell 0.4% at 7,104.53.
Energy stocks climbed 1.3% on rise in oil prices.
Energy prices
The US crude oil benchmark for November delivery fell 58 cents at $82.91 a barrel on Thursday. Brent crude for December delivery rose 18 cents at $86 a barrel.
Asia
Asian stock markets rose on Thursday.
Hong Kong’s Hang Seng index edged up 1.9% at 18,238.21. China’s Shanghai Composite added 0.9% at 3,107.90. Japan’s Nikkei 225 rose 1.8% at 32,949.66.
South Korean benchmark Kospi closed up 29.74 points, or 1.21%, at 2,479.82.
Bullion
Gold for December delivery fell $4.30 at $1,883 an ounce. Silver for December delivery lost 17 cents at $21.96 an ounce.
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Updated: 13 Oct 2023, 02:08 AM IST
