US equity markets closed higher Monday, with the Dow Jones Industrial Average reaching 45,883 points, a 0.1% increase from the previous trading day.
Earlier in the session, the broader S&P 500 index was up 0.5% at approximately 6,615 points, while the technology-focused Nasdaq 100 stood at roughly 24,295 points, indicating a 0.8% gain.
Market participants are keenly anticipating this week’s Federal Reserve policy announcements. Following recent disappointing US employment data, many analysts predict a rate reduction of at least 25 basis points will be announced on Wednesday. However, the most recent inflation figures are expected to keep policymakers cautiously assessing the economic landscape.
The euro strengthened against the US dollar, trading at $1.1765, equivalent to €0.8500 per dollar.
Gold prices saw an upward trend, reaching $3,679 per fine ounce – a 1% increase – translating to €100.55 per gram.
Crude oil prices also rose, with a barrel of North Sea Brent crude fetching $67.46, a 47-cent or 0.7% increase compared to the end of the previous trading day.