European stock markets opened a little lower on Wednesday, The DXA futures contract in Germany traded 0.1% lower, CAC 40 futures in France dropped 0.3%, while the FTSE 100 futures contract in the U.K. fell 1.1%. The pan-European Stoxx 600 inched 0.3%.
Overnight on Wall Street, Microsoft jumped 1.6%, Amazon and Alphabet each rose 1.7%. Netflix gained 4.1% and Facebook closed higher by 2.4%, Tesla shares popped 7.2% after surging more than 12% on Monday. JPMorgan Chase dropped more than 3% and Bank of America closed 1.8% lower, Goldman Sachs ended the day down 1.7%. The S&P 500 gained 0.5% to close at 3,401.20 and the Nasdaq Composite advanced 1.2% to 11,190.32. The Dow Jones Industrial Average closed just above the flatline at 27,995.60 after rising as much as 237 points.
On the data front, ENI will be in focus after the Italian oil-and-gas major said late Tuesday that it has agreed to pay an interim dividend for 2020.Geberit said Wednesday that it is about to start a buyback program of up to 500 million Swiss francs, starting on Thursday and lasting for a maximum of two years.
On the Economic Front, Europe center Wednesday around U.K. inflation numbers, with the country’s CPI climbing 0.2% on the year in August, a touch better than the 0.1% widely expected.
In the currency markets, the Dollar Index down 0.1% to 93.067. EUR/USD up 0.1% to 1.1852, while GBP/USD edged up 0.05% to 1.2886. USD/TRY inched down 0.07% to 7.4911. USD/CNY traded lower 0.2% to 6.7694. AUD/USD inched up 0.21% to 0.73005 and NZD/USD up 0.26% to 0.67133, at the time of writing.
In the Commodity Markets, Gold was up on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s policy decision, due to be handed down later in the day. Gold futures were up 0.11% to $1,968.30. Elsewhere, Silver gained 0.29% to 27545 per ounce, platinum rose 0.52% to 987.3 and palladium climbed 0.07% to 2,416.2, at the time of writing.
Oil prices edged higher on Wednesday, gaining more then 2% Brent crude rose 85 cents, or 2.1%, to $41.38 a barrel by 0645 GMT, while U.S. crude rose 92 cents, or 2.4%, to $39.20. More than 25% of U.S. offshore oil and gas output was shut and export ports were closed on Tuesday as Hurricane Sally sat just off the U.S. Gulf Coast.
In the Cryptocurrency Markets, BTC/USD inched down 0.65% and was trading at $10,742.4.46 Ethereum edged down 0.92% to $360.31. Litecoin down by 1.63% to 44.349, and Dash inched down 1.86% to $73.157. Ripple inched down 0.93% to $0.2375, at the time of writing.
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