U.S. stock exchanges advanced at the start of the week. By the close in New York, the Dow Jones was calculated at 48,218 points, representing a gain of 0.6 percent compared to the previous trading day. Just minutes earlier, the broader S&P 500 was up 1.0 percent with approximately 6,885 points, and the technology-focused Nasdaq 100 was calculated at around 25,385 points, up 1.1 percent. Wall Street managed to recover the losses experienced at the start of the trading day, moving into positive territory. Initial uncertainty was caused by the blockade of the Strait of Hormuz carried out by the United States. However, seemingly more optimistic investors then attempted to take advantage of any bargains. The European common currency strengthened by Monday evening; the Euro cost $1.1762, and consequently, a dollar could be obtained for 0.8502 Euros. Gold prices weakened, with a fine ounce valued at $4,743 by the evening (-0.1 percent). This equates to a price of 129.67 Euros per gram. Oil prices increased significantly: a barrel of the North Sea grade Brent cost $98.30 around 10 PM Central European Time on Monday, which was 4.3 percent higher, or 404 cents, than at the close of the previous trading day.
Economy / Finance
