Hope Flourishes Amid Tariff Euphoria and Retail Data Boosts

Hope Flourishes Amid Tariff Euphoria and Retail Data Boosts

US stock markets closed higher on Thursday. At the end of trading in New York, the Dow was calculated at 42,322.75 points, an increase of 0.65% compared to the previous trading day.

Just a few minutes earlier, the broader S&P 500 was at around 5,915 points, up 0.4% and the Nasdaq 100 on the technology stock exchange was at approximately 21,335 points, up 0.1%.

Market analysts see the great euphoria over tariffs abating, given unexpectedly good retail data and impetus from the US central bank, which had announced new measures. However, positive signs remain.

The European common currency, the Euro, was slightly stronger on Thursday evening: One Euro was worth 1.1186 US-Dollars and one US-Dollar was worth 0.8940 Euros.

The gold price benefited significantly, as an ounce cost 3,234 US-Dollars at night (+1.8%). This equates to a price of 92.96 Euros per gram.

Meanwhile, the oil price plummeted: A barrel of North Sea crude Brent cost around 22:00 Central European Time on Thursday night 64.70 US-Dollars, which was 139 cents or 2.1% less than the close of the previous trading day.