Indices and stock market conditions, oil, gold and foreign money markets on October 5, 2022
— The Dow Jones Industrial Average closed lower on Wednesday (Oct. 5) after reports that private sector jobs rose more than expected in September. This led investors to worry that the strength of the labor market could cause the Federal Reserve (Fed) to accelerate interest rates.
The Dow Jones Industrial Average closed at 30,273.87, down 42.45, or -0.14%, the S&P 500 closed at 3,783.28, down 7.65, or -0.20%, and the Nasdaq closed at 11,148.64, down 27.77, or -0.25%.
— European stock markets closed lower on Wednesday (Oct. 5), after a three-day gain, as investors regained fears about rising interest rates. After the Reserve Bank of New Zealand announced a 0.50% interest rate hike and a drop in business activity in Europe has fueled concerns about a slowdown in the economy.
The STOXX 600 index closed at 398.91, down 4.12, or -1.02%.
The French CAC-40 index closed at 5,985.46, down 54.23, or -0.90%, the German stock market DAX closed at 12,517.18, down 153.30, or -1.21%, and the FTSE 100 in London closed at 7,052.62, down 33.84, or -0.48%
— London stocks closed lower on Wednesday (Oct. 5), after gaining three straight days of gains, with financial and mining stocks weighing on the market. Meanwhile, Tesco’s profit forecasts have raised concerns about the UK’s escalating cost of living crisis. and affecting the stocks of the retail group
The FTSE 100 London Stock Exchange closed at 7,052.62, down 33.84, or -0.48%.
— New York West Texas Intermediate Crude Oil (WTI) ended positive on Wednesday (Oct. 5) after the Organization of the Petroleum Exporting Countries (OPEC) and its allies. or OPEC Plus Has resolved to cut production, the largest in 2 years
The WTI crude oil contract was delivered in November. It was up $1.24, or 1.4%, at $87.76 a barrel. This is the highest closing level since Sept. 14, 2022.
The Brent crude oil contract (BRENT) delivered in December. It was up $1.57, or 1.7 percent, at $93.37 a barrel. This is the highest closing level since Sept. 14, 2022.
— New York gold futures closed negative on Wednesday (Oct. 5), with the market pressured by the dollar’s appreciation. and rising US bond yields Meanwhile, investors are eyeing the release of US non-farm payroll numbers tomorrow.
The COMEX (Commodity Exchange) gold contract will be delivered in December. It was down $9.7, or 0.56%, at $1,720.8/ounce.
Silver metal contract for delivery in December It was down 55.5 cents, or 2.63 percent, at $20.544 an ounce.
Platinum contract delivered in Jan. It was down $19.1, or 2.05%, to close at $914.6/ounce.
Palladium contract delivered in December It fell $74.30, or 3.2%, at $2,255.90 an ounce.
— The US dollar strengthened against major currencies in trading at the New York Foreign Exchange on Wednesday (Oct. 5) after US Treasury yields rebounded. While investors are eyeing the release of US non-farm payrolls on Friday.
The dollar index, which measures the dollar’s movements against six major currencies in a basket of currencies, rose 0.91% to 111.0740.
The US dollar strengthened against the yen to 144.47 yen from 143.93 yen and was stronger against the Swiss franc to 0.9825 from 0.9787 francs. against the Canadian dollar, at $1.3602, from 1.3510 CAD.
The euro was lower against the dollar to $0.9895 from $1.0000, while the pound was lower to $1.1344 from $1.1479, while the Australian dollar rose to $0.6507 from $0.6498.
The DJIA New York Stock Exchange closed at 30,273.87, down 42.45, -0.14%.
The S&P500 New York Stock Exchange closed at 3,783.28, down 7.65, -0.20%.
The NASDAQ New York Stock Exchange closed at 11,148.64, down 27.77, -0.25%.
The FTSE 100 London Stock Exchange closed at 7,052.62, down 33.84, -0.48%.
The French stock market CAC-40 index closed at 5,985.46, down 54.23, -0.90%.
The German stock market DAX index closed at 12,517.18, down 153.30, -1.21%.
The Jakarta Composite Index closed at 7,075.39, up 3.13, +0.04%.
FBMKLCI Malaysia stock market closed at 1,420.55, up 11.19, +0.79%.
The PSE Composite index closed at 5,988.59, up 0.87, +0.01%.
The FTSE STI index in Singapore closed at 3,153.23, up 14.33, +0.46%.
The HSI Hong Kong stock market closed at 18,087.97, up 1,008.46, +5.90%.
The TAIEX index of Taiwan stocks closed at 13,801.43, an increase of 224.91, +1.66%.
The KOSPI index closed at 2,215.22 points, up 5.84 points, +0.26%.
The NIKKEI 225 Japanese stock market closed at 27,120.53, up 128.32, +0.48%.
The S&P/ASX 200 Australian stock market closed at 6,815.70, up 116.40, +1.74%.
The ALL ORDINARIES Australian stock market closed at 7,030.90, up 125.60, +1.82%.
Indian stock markets were closed on Tuesday (Oct 5) for the Dussehra festival.
Chinese stock markets were closed yesterday (Oct. 5) for the National Day.