Stock market indices diverge, gold prices hit record high, Wall Street wobbles

From Yahoo Finance: 2024-04-08 09:56:55

Oil prices retreat after hitting five-month high due to geopolitical tensions and strong economic data. European and Asian equities rise, gold hits record peak. Asian markets gain as traders discuss chances of US Federal Reserve cutting interest rates. Wall Street wobbles. ECB interest rate decision and US inflation data awaited (Brandon Bell, Sophie Lund-Yates).

Gold prices spike to $2,353.95 per ounce, driven by haven qualities amid Middle East tensions. Oil remains near recent five-month peaks. Traders anticipate US inflation data this week. Wall Street rallies on strong job creation in March. Concerns rise Fed may not cut rates as previously indicated. Corporate earnings season to test stock market rally (Redmond Wong, Patrick O’Hare, David Morrison).

Stock market indices show mixed results around 1330 GMT. New York’s Dow up 0.1 percent, S&P 500 down slightly, Nasdaq Composite flat. London’s FTSE 100 up 0.5 percent, Paris’s CAC 40 up 1.0 percent, Frankfurt’s DAX up 0.8 percent. Tokyo’s Nikkei 225 up 0.9 percent, Hong Kong’s Hang Seng Index up 0.1 percent, Shanghai Composite down 0.7 percent. Dollar rises against yen, euro, pound. Crude oil prices decrease (EURO STOXX 50).



Read more at Yahoo Finance: Stocks diverge at start of busy week; gold extends record streak