US Stocks:- Stocks in the United States fell on Tuesday as investors awaited the testimony of Federal Reserve Chairman Jerome Powell in Congress and profit-booking.
At 4,388.71, the S&P 500 lost 20.88 points, or 0.47 percent. At 34,053.87, the Dow Jones Industrial Average lost 245.25 points, or 0.72 percent.
At 13,667.29, the Nasdaq Composite lost 22.28 points, or 0.16%.Market for bonds The 10-year Treasury yield decreased from 3.77% late on Friday to 3.71 percent. The 2-year yield dropped from 4.72 percent to 4.68 percent.
Currencies The US dollar fell from 141.96 to 141.37 Japanese yen. The euro dropped from $1.0918 to $1.0917.On Tuesday, resource shares suffered as lower commodity prices weighed on Canada’s stocks.The S&P/TSX composite index of the Toronto Stock Exchange ended the day at 19,754.14, down 180.07 points, or 0.9%.
Europe:
Europe On Tuesday, shares in Europe fell, with the pan-European STOXX 600 index losing 0.6%.At 7,569.31, the British FTSE 100 lost 0.3 percent. The DAX in Germany fell 0.6% to 16,111.32. The CAC 40 in France lost 0.3% to 7,294.17.When Global Auto Holdings announced that it would acquire the rival for approximately 465.4 million pounds in cash, the news caused the British auto retailer Lookers to increase by 33.9%.
Lanxess, a German manufacturer of specialty chemicals, saw its second-quarter and annual core profit forecasts lowered by 15.4%.
Europe is a continent that exudes diversity and boasts a rich history. From its stunning landscapes to its vibrant cultures, Europe offers an enchanting experience for travelers. In this article, we’ll delve into the unique aspects that make Europe a top destination, exploring its geography, culture, history, and more. Join us on a journey through this captivating continent.
Geographic Features
Europe is characterized by its diverse geography. It encompasses mountains, plains, coastlines, and islands. The stunning fjords in Norway, the vast steppes in Eastern Europe, and the lush vineyards of France are just a few examples of the continent’s geographical diversity.
Countries in Europe
Europe is home to 44 countries, each with its own unique charm. From the iconic landmarks of France to the historic cities of Italy, the continent is a treasure trove of distinct cultures and traditions.
Cultural Kaleidoscope
Art and Architecture
Europe has been a center of artistic innovation for centuries. From the Renaissance masterpieces of Italy to the avant-garde art scenes in Berlin, the continent continues to inspire and captivate art enthusiasts.
Asia:
Asia Asian stocks ended the day mostly lower on Tuesday following China’s rate cut announcement.
Investors were dissatisfied with China’s Tuesday lending benchmark reduction because they believe it is insufficient to accelerate the country’s sluggish economic recovery.
Although it met expectations for a 15-point reduction in the one-year rate, the People’s Bank of China reduced its benchmark five-year rate by 10 basis points, falling short of the expected 15 points.The Hang Seng index in Hong Kong fell 0.5 percent to 19,607.08. The Shanghai Composite in China fell 0.5 percent to 3,240.36.The Nikkei 225 in Japan gained 0.1% to 33,388.11.
Australia:
The S&P/ASX 200 index in Australia rose 0.9 percent to 7,357.80. The benchmark S&P/NZX 50 index in New Zealand gained 0.3 percent to 11,789.37.On Tuesday, the cost of energy in Brent crude for delivery in August decreased by 19 cents to $75.90 per barrel. The benchmark price of US crude oil for July delivery dropped $1.28 to $70.50 a barrel.For delivery in July, natural gas cost $2.49 per 1,000 cubic feet, down 14 cents.
Australia, often referred to as the “Land Down Under,” is a continent and country known for its stunning landscapes, unique wildlife, and vibrant culture. In this article, we will explore the many facets of Australia, from its geography and indigenous history to its modern-day attractions and challenges.
Australia: A Land of Diversity
Australia is the world’s largest island and the smallest continent. It is known for its vast and diverse landscapes, which include deserts, rainforests, mountains, and beautiful coastlines. The country’s size allows for a wide range of climates and ecosystems.
Australia’s Geography
The geography of Australia is as diverse as its landscapes. It is home to famous natural landmarks such as Uluru, the Great Dividing Range, and the rugged Outback. The country’s coastline stretches for over 30,000 kilometers, offering some of the most beautiful beaches and marine life in the world.
The Indigenous People of Australia
Before European settlement, Australia was inhabited by indigenous peoples who had a rich and ancient culture. The Aboriginal and Torres Strait Islander people have a profound connection to the land and continue to preserve their traditions and stories.
Gold Bullion:
The ounce price of gold bullion for delivery in August decreased by $23.50 to $1,947.70. Silver for delivery in July decreased by 90 cents to $23.23 per ounce.
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located next to the United States Army post of Fort Knox, Kentucky. It is operated by the United States Department of the Treasury. The vault is used to store a large portion of the United States’ gold reserves as well as other precious items belonging to or in custody of the federal government. It currently holds roughly 147 million troy ounces (4,580 metric tons) of gold bullion, over half of the Treasury’s stored gold. The United States Mint Police protects the depository.
The Treasury built the depository in 1936 on land transferred to it from the military. Its purpose was to house gold then stored in New York City and Philadelphia, in keeping with a strategy to move gold reserves away from coastal cities to areas less vulnerable to foreign military attack. The first set of gold shipments to the depository occurred during the first half of 1937. A second set was completed in 1941. These shipments, overseen by the United States Post Office Department, totaled roughly 417 million troy ounces (12,960 metric tons), almost two-thirds of the total gold reserves of the United States.
Also Read:- US Financial Updates
One thought on “US Stocks decline as investors await Jerome Powell’s testimony: US Stock Updates”