The US stock exchanges showed mixed performance on Tuesday. By the close in New York, the Dow Jones was calculated at 51,999 points, registering a 0.6 percent increase compared to the previous trading day. However, the broader S&P 500 was down 0.1 percent, settling at approximately 7,550 points, while the technology-focused Nasdaq 100 slipped by 1.9 percent, reaching about 29,970 points.
Attention among investors is currently focused on the US Federal Reserve’s interest rate meeting scheduled for Wednesday. Many anticipate that the Fed will maintain current benchmark interest rates, driven by the hope that a resolution to the Iran conflict will alleviate inflationary pressures. Amidst this, reports suggesting that the US agreement for conflict resolution with Iran would permit the immediate sale of oil and fuel contributed to a notable decline in global oil prices.
The price for a North Sea Brent barrel was approximately 79.76 US dollars on Tuesday evening (around 10 PM Central European Time). This represented a drop of 341 cents, or 4.1 percent, from the previous day’s closing figures.
In currency markets, the European common currency remained relatively stronger on Tuesday evening, with the Euro trading at 1.1608 US dollars. Conversely, the dollar was available for 0.8615 Euros. Meanwhile, the price of gold saw gains, with a fine ounce trading at 4,333 US dollars (+0.4 percent) in the evening. This translates to a price of 120.02 Euros per gram.
