U.S. stock markets finished higher on Thursday. At the close in New York, the Dow Jones Industrial Average was at about 49 384 points, up roughly 0.6 % from the prior day. A few minutes earlier, the broader S&P 500 had risen to around 6 913 points, also up 0.6 %, while the Nasdaq 100 was near 25 518, up 0.8 %.
Investors were relieved by President Donald Trump’s reversal on Greenland policy. Trump posted on his personal platform, saying that after a meeting with NATO Secretary General Mark Rutte, a framework for a future agreement had been created. The terms of that agreement remain unofficial, but media reports suggest it may involve Denmark ceding sovereignty over small parts of Greenland where U.S. military bases could be built. Greenland’s prime minister, Jens‑Frederik Nielsen, said he was not aware of the details, and Denmark’s prime minister, Mette Frederiksen, described sovereignty issues as a “red line”.
The euro strengthened against the dollar in the evening. One euro was worth 1.1750 U.S. dollars, and one dollar traded at 0.8511 euros.
Gold priced strongly in the evening, trading at about $4 920 per troy ounce, up 1.8 %. That equates to roughly €134.62 per gram. In contrast, the price of Brent crude fell sharply. At about 22:00 German time, a barrel of Brent was priced at $64.05, a drop of 119 ¢-or 1.8 %-from the previous close.