Mon, 11 Dec 2023

NEW YORK, New York - Bank shares were being bought up on Monday as U.S. industrial stocks kicked the week off with solid gains.

"Market sentiment is improving as policymakers take steps to alleviate the recent challenges," Brian Levitt, global market strategist at Invesco told CNBC Monday

"An extension of the liquidity facility that had been set up by the Federal Reserve meaningfully eases prior concerns that a series of bank runs could be in the offing."

The Dow Jones industrials index accelerated 194.55 points or 0.60 percent to 32,432.08.

The Standard and Poor's 500 edged up 6.54 points or 0.16 percent to 3,977.53.

The tech-heavy Nasdaq Composite eased 55.12 points or 0.47 percent to 11,768.84.

On Monday, the foreign exchange market saw some notable movements in currency pairs against the US dollar. The Euro rose against the dollar, with the EUR/USD pair ending the day at 1.0794, up by 0.33 percent. Meanwhile, the US dollar gained against the Japanese yen, with the USD/JPY pair closing at 131.609, up by 0.69 percent.

On the other hand, the dollar weakened against the Canadian dollar, with the latter rising to 1.3656, for a gain of 0.10 percent. The British pound also gained against the dollar, rising to 1.22870, up by 0.48 percent.

The US dollar also weakened against the Swiss franc, as Swissie jumped to 0.91612, up by 0.40 percent. Meanwhile, the Australian dollar made slight gains against the U.S. dollar, with the Aussie edging up 0.06 percent to 0.6646. Finally, the New Zealand dollar lost ground against the U.S. dollar, with the NZD/USD pair closing at 0.6192, down by 0.10 percent.

Overall, Monday saw a mixed day for currencies against the U.S. dollar, with some pairs gaining ground and others losing it. Investors will be keeping a close eye on any economic indicators and news events that could impact these currency movements in the days ahead.

Global stock markets closed with mixed results on Monday. The FTSE 100 in London rose by 0.90 percent or 66.32 points to finish at 7,471.77. The German DAX PERFORMANCE-INDEX increased by 1.14 percent or 170.45 points, to 15,127.68. In Paris, France, the CAC 40 rose by 0.90 percent or 63.17 points, finishing at 7,078.27.

The ESTX 50 PR.EUR increased by 0.82 percent or 34.00 points, finishing at 4,164.62. The Euronext 100 Index rose by 0.65 percent or 8.55 points, closing at 1,316.25, while in Belgium, the BEL 20 rose by 1.02 percent or 36.89 points, finishing at 3,663.33.

The MOEX Russia Index fell by 0.19 percent or 4.14 points, closing at 2,222.51.

Japan's Nikkei 225 increased by 0.33 percent or 91.62 points, finishing at 27,476.87. However, in Hong Kong, the HANG SENG INDEX fell by 1.75 percent or 347.99 points, closing at 19,567.69.

In China, the Shanghai Composite Index dropped by 0.44 percent or 14.26 points to close at 3,251.40, while the Shenzhen Index increased by 0.12 percent or 13.72 points, finishing at 11,647.94.

The Singapore Straits Times Index advanced 0.82 percent or 26.39 points, to 3,239.03.

In Mumbai, the S&P BSE (Bombay Stock Exchange) SENSEX increased by 0.22 percent or 126.76 points, finishing at 57,653.86, while in Indonesia, the IDX COMPOSITE fell by 0.79 percent or 53.32 points, closing at 6,708.93. The FTSE Bursa Malaysia KLCI fell by 0.22 percent or 3.10 points, finishing at 1,396.60.

In Seoul, South Korea, the KOSPI Composite Index fell by 0.24 percent or 5.74 points, to 2,409.22.

The TSEC weighted index in Taipei, Taiwan, dropped by 0.53 percent or 84.39 points, closing at 15,830.31.

The Australian S&P/ASX 200 rose by 0.10 percent or 6.80 points to close at 6,962.00. The Australian ALL ORDINARIES rose by 0.09 percent or 6.20 points, closing at 7,143.80.

Finally, New Zealand's S&P/NZX 50 INDEX GROSS (GROSS) rose by 0.28 percent or 32.05 points, finishing at 11,612.86.

More Cincinnati News

Access More

Sign up for Cincinnati News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!