US stock markets closed higher on Thursday. The Dow Jones Industrial Average ended the day in New York at 41,368.45 points, representing a 0.62% increase compared to the previous trading day. The broader S&P 500 index was up 0.6% at approximately 5,660 points, while the Nasdaq 100 index for technology stocks was up 1.0% at around 20,065 points.
According to market analysts, the recent trade deal between the United States and the United Kingdom has given investors hope that the situation could improve and that other countries may follow the UK’s example.
The European common currency, the Euro, was weaker on Thursday evening, with one Euro costing 1.1226 US dollars and one US dollar equivalent to 0.8908 Euros.
The price of gold saw a significant drop, with a fine ounce trading for 3,308 US dollars (-1.6%). This equates to a price of 94.73 Euros per gram.
In contrast, the price of oil experienced a sharp increase, with a barrel of Brent crude oil trading at approximately 62.95 US dollars on Thursday evening, representing a 3.0% increase from the previous trading day’s close.