Lola Evans
28 Mar 2023, 06:09 GMT+10
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.
Get a daily dose of Taiwan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.
More InformationNEW YORK, New York - U.S. stocks closed in positive territory despite a volatile day Tuesday. Spending much time in ...
WASHINGTON D.C.: On November 24, the U.S. Food and Drug Administration (FDA) recalled three more brands of whole and pre-cut ...
DETROIT, Michigan: US electric vehicle (EV) sales are expected to reach a record of 9% of all passenger vehicles this ...
NEW YORK, New York - U.S. stocks closed marginally lower as traders returned to their desks Monday following the Thanksgiving ...
OMAHA, Nebraska: On November 21, Warren Buffett announced a donation of Berkshire Hathaway stocks worth some US$866 million to four ...
HONOLULU, Hawaii: The islands' leaders are working on streamlining the travel process for Japanese tourists, making it more convenient for ...
In a devastating turn of events, Israel's war on Gaza, sparked by Hamas's unprecedented attacks on October 7, has resulted ...
BATON ROUGE, Louisiana: In a Louisiana election where more than 43,000 people cast their ballots, a candidate for parish sheriff ...
LIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...
Fifty-seven journalists have been killed as of Saturday as a result of Israel's war on Gaza, which has extended to ...
TEL AVIV, Israel - Following Taoiseach Leo Varadkar's statement on Emily Hand's release, Israel's foreign minister says he summoned the ...
WASHINGTON D.C.: The White House says U.S. authorities have foiled a plot to kill a Sikh separatist in the U.S., ...