US stock markets closed with mixed results on Tuesday. The Dow Jones was calculated at 42,518 points, a 0.5% increase from the previous trading day.
The Nasdaq 100, on the other hand, closed at 20,757 points, a 0.1% decline, while the broader S&P 500 ended the day with 5,843 points, a 0.1% gain. Market participants showed a slight optimism on Tuesday, following the release of producer price index data for December, which showed a smaller-than-expected increase. This has made a continuation of the Federal Reserve’s interest rate reduction strategy more likely.
The European common currency was stronger on Tuesday evening, with one euro equivalent to 1.0304 US dollars, and one US dollar to 0.9705 euros.
Gold prices benefited from the market sentiment, with a fine ounce selling for 2,677 US dollars in the evening, a 0.5% increase, which translates to 83.51 euros per gram.
Meanwhile, the oil price declined significantly, with a barrel of North Sea Brent crude selling for 80.16 US dollars at around 22:00 Central European Time, a decrease of 85 cents or 1.1% from the previous trading day’s close.