The stock exchanges in New York have left the trading session on Wednesday with new records. The positive tendency was partly due to the expectation for a more flexible monetary policy of central banks through intended appointments at the Federal Reserve and the European Central Bank (ECB) and disappointing macroeconomic figures.

The leading Dow-Jones index closed the session 0.7 percent higher on a new record of 26,966.00 points. The broad S&P 500 rose 0.8 percent to 2995.82 points, also the highest final ranking ever. Technologiegraadmeter Nasdaq also set a record with a profit of 0.8 percent to 8170.23 points.

IMF director Christine Lagarde has been nominated as the new president of the European Central Bank (ECB). The expectation is that Lagarde will continue to implement Mario Draghi’s flexible policy at the ECB. President Donald Trump, in turn, nominated Judy Shelton and Christopher Waller for a board seat at the Fed. Both are in favor of a interest rate cut by the umbrella of central banks.


Tesla went out of business with a profit of 4.6 percent. The manufacturer of electric cars published better-than-expected sales figures for the second quarter. Tesla sold more than 95,000 cars against just over 40,000 a year earlier. The sales record had to do with the sales of the Model 3 coming up.

Chip group Broadcom and cyber security company Symantec were also in the spotlight. Broadcom (minus 3.5 percent) would be about to take over Symantec (plus 13.6 percent) in a deal of more than 15 billion dollars.


Aircraft maker Boeing (plus 0.1 percent) announced setting aside $ 100 million to assist families and communities affected by the disasters involving two of its 737 MAX aircraft.

The euro was quoted at $ 1,1282, against $ 1,1278 at the close of the European stock markets earlier in the day. A barrel of American oil cost 1.3 percent more at $ 56.98. Brent oil climbed 1.9 percent in price to $ 63.57 a barrel.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Taiwan fears ‘to end up as Hong Kong’

Taiwan fears that, in the end, it will face the same fate as Hong Kong, which is in danger…