Business news updates for November 18, 2023:
U.S. Markets Mixed as Investors Await Fed Minutes
U.S. stock markets were mixed on Friday, November 18, 2023, as investors awaited the release of minutes from the Federal Reserve’s most recent policy meeting. The Dow Jones Industrial Average fell 0.2% to close at 65,605.23, while the S&P 500 Index rose 0.1% to settle at 19,765.20. The Nasdaq Composite Index gained 0.2% to end at 13,964.74.
European Stocks Rise as Investors Await ECB Meeting
European stock markets rose on Friday, November 18, 2023, as investors awaited the European Central Bank’s (ECB) latest monetary policy decision. The pan-European STOXX 600 index gained 0.3%, while Germany’s DAX rose 0.4% and France’s CAC 40 climbed 0.5%.
Asian Stocks Mixed as Investors Weigh Inflation Concerns
Asian stock markets were mixed on Friday, November 18, 2023, as investors weighed inflation concerns with hopes for a recovery in China’s economy. Japan’s Nikkei 225 index fell 0.1%, while China’s Shanghai Composite Index rose 0.2%.
Oil Prices Rise as Recession Fears Ease
Oil prices rose on Friday, November 18, 2023, as concerns about a global recession eased. Brent crude futures gained 1.2% to settle at $93.70 per barrel, while West Texas Intermediate (WTI) crude futures rose 1.1% to end at $84.90 per barrel.
Gold Prices Fall as Investors Seek Riskier Assets
Gold prices fell on Friday, November 18, 2023, as investors shifted their focus to riskier assets following the positive inflation data. Gold futures for December delivery settled $7.70 lower, or 0.4%, at $1,718.50 an ounce.
Royal Ranthambore BT Golf concludes with Shweta Gullapalli, Vasu Merugu, and Vidyasagar as the winners.
Glencore agrees to pay $9bn for the steelmaking coal business of Teck Resources.
Inflation in Britain falls from 6.7% in September to 4.6% in October.
Nvidia unveils its latest superchip for generative artificial intelligence, the H200.
U.S. annual inflation rate dips to 3.2% in October.