The green color decorates the screens of the US stock exchanges (Getty)
With the announcement of declining inflation in the United States, during last December, I continued US stocks Its strong start since the beginning of the year, to achieve Nasdaq index Its fourth consecutive week of increases, achieving gains of more than 11% during January alone, and it is still in the rest of the month.
Before the end of trading on Friday, the Dow Jones Industrial Average pared its gains, but closed higher by no more than 0.08%, the S&P 500 added 0:25%, while the Nasdaq index’s gains approached the full percentage point.
The three indices ended the week in the green, with weekly increases, in the Dow Jones 1.81%, and in the S&P 500 index nearly 2.5%, while the Nasdaq index, which was dominated by shares of technology companies, was 4.32%.
On Friday morning, recent data showed a decline in the index inflation My favorite Federal Reserve Board (The US Central Bank) last December, to its lowest level in more than a year, coinciding with the decline in consumer spending, paving the way for monetary policy makers to ease the pace of raising rates. Benefit Starting from their upcoming meeting next Wednesday.
And finished European stocks Friday’s trading was slightly higher, as the decline in inflation in the United States boosted sentiment, a week ahead of important decisions by central banks.
The Stoxx 600 index of European stocks rose 0.2%, extending its gains for the second consecutive session and ending the week higher, supported by the energy sector and the consumer luxury companies sector, in addition to the financial sector, at a time when UniCredit, Europe’s largest bank, is scheduled to announce the results. work next week.
H&M, the second largest clothing retailer, fell 4% after the company reported a much larger-than-expected drop in operating profit for the September-November period.
In a related way, gold prices stabilized high with the end of US stock exchange trading, despite the rise in the dollar, so that the precious metal achieved gains for the sixth week in a row before the Federal Reserve’s interest rate decision next week.
Spot gold rose 0.1% to $1,931.61 an ounce, before paring its gains after data showed US consumer spending declined in December, despite the consumer personal spending index rising 0.3% month on month.
US gold futures settled unchanged at $1930.20 an ounce.
Archyde.com said that silver fell in the spot market 1.4% to 23.5675 dollars an ounce, while platinum fell 0.6% to 1012.25 dollars, and palladium lost 3.3%, recording 1622.14 dollars an ounce.
Oil prices fell at the settlement, on Friday, to end the week slightly lower, driven by indications of the strength of Russian oil supplies, despite Western sanctions.
Brent crude futures fell 81 cents, to settle at $86.66 a barrel, up only three cents from last week’s settlement, while the price of US crude fell $1.33 to $79.68 at settlement, down by 2% on a weekly basis.
Archyde.com calculations showed that oil loadings from Russian ports in the Baltics are expected to increase by 50% this month compared to December, as sellers try to meet strong demand in Asia and take advantage of rising global energy prices.