Home Business UK announced an agreement with the EU on future relations! U.S. stocks rose, gold prices rose, oil prices rose…
UK announced an agreement with the EU on future relations! U.S. stocks rose, gold prices rose, oil prices rose...

UK announced an agreement with the EU on future relations! U.S. stocks rose, gold prices rose, oil prices rose…

by YCPress

The three major U.S. stock indexes rose across the board

Thursday is Christmas Eve local time, and the New York stock market closed early, entering the long Christmas weekend. 

The three major stock indexes rose across the board. Among them, the Dow rose 0.23%, the S&P index rose 0.35%, and the Nasdaq index rose 0.26%. 

Among them, the real estate sector and the information technology sector led the gains, while the energy sector led the decline.

On Thursday, the US Democrats’ proposal for a $2,000 cash distribution was not approved by the House of Representatives.

 The Speaker of the U.S. House of Representatives, Pelosi, said that next Monday, a vote will be held on the independence bill for the distribution of $2,000 in cash.

The main European stock indexes closed early on Christmas Eve mixed on the 24th

The focus of Europe on Thursday is undoubtedly that the EU and the UK have finally reached an agreement on a series of cooperative relations including trade, which will clear the way for the UK to end the Brexit transition period at the end of this month as originally planned. Before the announcement, the London and Paris stock markets closed early because of Christmas Eve, rising and falling 0.1% respectively. The Frankfurt stock market in Germany was closed on Thursday.

The agreement is in line with market expectations, the pound will leave its previous high

The pound was lightly traded on Christmas Eve on Thursday. It fell from an intraday high and stayed below the $1.36 mark, slightly lower than the two-and-a-half-year high hit last week.

The news that the UK and the EU reached a trade agreement at the last minute confirmed the financial market’s previous expectations that the agreement would be reached. Analysts interviewed by Reuters believe that the pound is now in a mode of “buying on rumours and selling on facts”. 

The focus of the market has shifted from whether an agreement can be reached in the past to the substance of the agreement. Considering that the market currently generally believes that the content of the agreement is very thin, the pound is facing some downside risks after the recent surge.

International gold prices rose slightly on the 24th

The New York Mercantile Exchange gold futures market, the most active gold futures price in February next year, rose 0.27% on Thursday due to factors such as the weakening of the US dollar , and closed at US$1, 883.2 per ounce.

International oil prices rose slightly on the 24th

As of Thursday’s close, the price of light crude oil futures for delivery in February next year on the New York Mercantile Exchange rose 0.23% to close at US$48.23 per barrel; the price of London Brent crude oil futures for delivery in February next year closed at US$51.29 per barrel. , An increase of 0.18%.