US equity markets concluded a positive trading session on Monday, demonstrating a modest but encouraging upward trend. The Dow Jones Industrial Average closed at 45,883 points, marking a 0.1% increase from the previous day’s close.
Earlier in the session, the S&P 500 reached approximately 6,615 points, reflecting a gain of 0.5%, while the Nasdaq 100 index climbed to around 24,295 points, showing an increase of 0.8%.
Market sentiment this week will likely remain focused on the Federal Reserve’s monetary policy decisions. Following recent disappointing US employment data, analysts widely anticipate a reduction in interest rates, with a consensus expectation of at least a 25 basis point decrease anticipated for Wednesday. However, more recent inflation figures are expected to keep the Federal Reserve cautious.
The Euro strengthened against the US dollar on Monday evening, trading at $1.1765, equivalent to €0.8500 per dollar.
Precious metals also saw a positive performance, with the price of gold rising to $3,679 per fine ounce, representing a 1% increase, or €100.55 per gram.
Crude oil prices similarly advanced, with a barrel of North Sea Brent crude fetching $67.46, a 0.7% increase of 47 cents compared to the closing price of the previous trading day.
