Major indices predominantly gained across global stock markets, APA-Economics reports.
In the United States, the Dow Jones index rose by 624.16 points, or 1.18%, to 53,686.11 points; the S&P 500 gained 81.11 points, or 1.06%, to 7,747.71 points, while the Nasdaq Composite increased by 366.23 points, or 1.40%, to 26,584.06 points. The NYSE Composite rose by 0.92% to 24,720.15 points, while Canada’s S&P/TSX Composite index gained 1.50% to 36,633.13 points.
Major European indices also rose. The Euro Stoxx 50 increased by 0.32% to 6,382.59 points, the UK’s FTSE 100 gained 0.70% to 10,831.52 points, and Germany’s DAX rose by 0.63% to 26,003.32 points. France’s CAC 40 increased by 0.07% to 8,286.40 points, while Spain’s IBEX 35 gained 1.12% to 20,000.20 points.
In the Asia-Pacific region, Japan’s Nikkei 225 rose by 1.07% to 64,898.55 points, Hong Kong’s Hang Seng gained 2.06% to 25,733.88 points, while China’s CSI 300 increased by 0.43% to 4,572.28 points. Japan’s TOPIX fell by 0.01%, while Australia’s S&P/ASX 200 declined by 0.22%.
According to analysts, the gains were mainly supported by remarks from US Federal Reserve Board member Christopher Waller, indicating that he could support keeping interest rates unchanged. Following his remarks, the probability of a rate hike in September fell from around 63% to 50%, while US Treasury yields also declined.