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Stocks in U.S. and Europe flat, following gains in Asia

On 4 years Ago
Roblox John Williams
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NEW YORK, New York – Stocks in the United States were little changed on Wednesday. The same applied in Europe where movements were limited on low volume.

The U.S. dollar meantime perked up with across-the-board gains.

At the close on Wednesday, the Dow Jones index was ahead 10.59 points or 0.03 percent at 34,323.05.

The Standard and Poor’s 500 edged up 7.86 points or 0.19 percent to 4,195.99.

The Nasdaq Composite added 80.82 points or 0.59 percent to 13,738.00

The euro sank to 1.2194 on foreign exchange markets. The British pound slipped to 1.4124. The Japanese yen weakened to 109.13. The Swiss franc eased to 0.8973.

The Canadian dollar fell to 1.2117. The Australian dollar dipped to 0.7745. The New Zealand dollar held up best, edging down to 0.7293.

On overseas equity markets, German shares declined marginally with the benchmark DAX index down 14.37 points, or 0.09 percent, to close at 15,450.72.

Aircraft engine manufacturer MTU Aero lost 1.44 percent, the top loser among the blue chips, followed by Deutsche Bank and reinsurance company Munich Re, which shed 1.16 percent and 1.14 percent respectively.

Housing association Vonovia gained 1.51 percent, becoming the top gainer. Automotive manufacturer Daimler and Deutsche Post advanced 1.17 percent and 1.10 percent respectively.

Housing association Deutsche Wohnen was the most traded share with a turnover of 242.76 million euros ($296.87 million), according to Xinhua.

In London, the FTSE 100 dropped 2.86 points or 0.04 percent to 7,026.93.

The CAC 40 in Paris edged up 1.33 points or 0.02 percent to 6,391.60.

On Asian markets, the Nikkei 225 in Tokyo rose 88.21 points or 0.31 percent to 28,642.19.

China’s Shanghai Composite gained 12.02 points or 0.34 percent to 3,593.36.

The Hang Seng in Hong Kong did best, rising 244.54 points or 0.85 percent to 29,155.40.

The Australian All Ordinaries, going against the trend, declined 17.50 points or 0.24 percent to 7,331.60.

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