The US stock markets showed mixed results on Wednesday. By the time trading closed in New York, the Dow Jones stood at 53,463 points, marking a gain of 0.2 percent compared to the previous trading day. A broader measure, the S&P 500, was also up 0.2 percent, reaching approximately 7,708 points. However, the technology-focused Nasdaq 100 recorded a loss of 0.2 percent at that time, with its valuation at around 29,426 points.
Elsewhere in global finance, the Euro strengthened on Wednesday evening, with one Euro trading at $1.1676.
Amid record-high yields on long-term US bonds since 2007, US Treasury Secretary Scott Bessent announced that the US government will double the volume of its bond repurchases for maturities between ten and 30 years.
Meanwhile, the Federal Reserve released its minutes from the latest interest rate meeting in July. The minutes indicated that many participants felt that tightening monetary policy would likely be necessary if inflation fails to decrease.
In commodity markets, the price of gold experienced strong gains, climbing 4.0 percent to reach $4,507 per fine ounce, equivalent to €124.11 per gram. Similarly, oil prices increased; the Brent North Sea crude cost $91.47 per barrel around 10 PM CEST on Wednesday, which was 45 cents, or 0.5 percent, higher than the close of the previous trading day.
