All 3 Main U.S. Stock Indices Log Fresh Records
IFC Markets | Oct 19, 2017 07:59AM ET
Dow closes above 23000
US stock indices closed at fresh record highs on Wednesday as corporate reports kept beating expectations. The dollar weakened: the CAC 40 gained 0.4% and UK’s FTSE 100 climbed 0.4% to 7542.87. Indices opened lower today.
Asian indices mixed as China growth slows
Asian stock indices are mixed today after the report China’s third-quarter GDP slowed to 6.8% from 6.9% growth in second quarter. Nikkei rose 0.4% to 21448.52 supported by continued yen weakness against the dollar and data showing Japanese exports rose for the 10th straight month in September. Chinese stocks are mixed: the Shanghai Composite Index is 0.5% lower while Hong Kong’s Hang Seng Index is down 0.6%. Australia’s ASX All Ordinaries added 0.1% despite stronger Australian dollar against the greenback.
Oil slips
Oil futures prices are edging lower today. Prices ended higher yesterday after US Energy Information Administration report domestic crude supplies fell by 5.7 million barrels last week. That was below the 7.1 million barrel decline reported by the American Petroleum Institute late Tuesday. Brent crude rose 0.5% to $58.15 a barrel on Wednesday.
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