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Investors Await US Inflation Data Amid Positive Close for Dow Jones

The Dow Jones index, New York Stock Exchange Closed slightly positive on Monday (March 11), while the S&P 500 and Nasdaq closed lower as investors await the release of the US CPI and PPI index this week. To find a clear indication that the Fed will start cutting interest rates soon or not.

The Dow Jones Industrial Average closed at 38,769.66 points, up 46.97 points or +0.12%, the S&P500 index closed at 5,117.94 points, down 5.75 points or -0.11%, and the Nasdaq index closed at 16,019.27.41 points, down 6,019.27.41 points. , down 6 -5.84%.

European stock market Close lower, pressured by selling of technology stocks Investors continued to trade ahead of the release of a US inflation report this week that would indicate prospects for interest rate cuts.

The STOXX 600 Index closed at 501.49 points, down 1.77 points or -0.35%.

The CAC-40 index on the French stock market closed at 8,019.73 points, down 8.28 points or -0.10%, the DAX index on the German stock market closed at 17,746.27 points, down 68.24 points or -0.38%, and the FTSE 100 index on the stock market closed London at 7,669.23 points, up 9.49 points or . +0.12%

London Stock Exchange Closed slightly positive This was supported by a rise in stocks in the general insurance group. Meanwhile, investors are still holding off on big investments before the US releases inflation data this week.

The London Stock Exchange FTSE 100 Index closed at 7,669.23 points, an increase of 9.49 points or +0.12%.

New York Market West Texas Crude Oil (WTI) contract Closed negative as investors remain concerned about the slowdown in oil demand in China.

The WTI crude oil contract is due in April. fell 8 cents, or 0.1%, to close at $77.93 a barrel.

Brent crude oil contract (BRENT) for delivery in May. rose 13 cents, or 0.16%, to close at $82.21/barrel.

New York gold futures Closed positive, rising for the 8th day in a row, responding to expectations that the Fed will cut interest rates soon, while investors eye the release of US inflation data today. Find clear signals about the Fed’s interest rate direction

The COMEX (Commodity Exchange) gold contract will be introduced in April. Up $3.10 or 0.14% to close at $2,188.60/oz.

Silver contracts for delivery in May rose 16.60 cents, or 0.68%, to close at $24.715/ounce.

Platinum contract to be delivered in April. Increased $25.70 or 2.81% to close at $940.50/oz.

Palladium contract to be delivered in June. Up $16.70 or 1.63% to close at $1042.00/oz.

US Dollar Strengthened against major currencies traded on the New York Forex Exchange. While investors keep an eye on the release of the US CPI and PPI index this week. To find a clear indication that the Fed will start cutting interest rates soon or not.

The dollar index, which measures the greenback against six major currencies, rose 0.15% to 102.869.

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