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US equities finished higher on Wednesday, ahead of the inflation report today as investors continued to gauge the monetary policy outlook following the latest economic data and the FOMC minutes. The Dow Jones ended 0.2% higher, while the S&P 500 and the Nasdaq gained 0.4% and 0.7%, respectively. The release of the most recent batch of Federal Reserve meeting minutes stirred hopes the central bank may be done raising interest rates. Earlier data showed that both headline and core producer prices in the US rose more than expected, aligned with the Fed’s concerns about stubborn inflation. Elsewhere, European shares ended mixed yesterday, with the German DAX advancing by 0.2% while the Euro Stoxx 50 index eased by 0.1%. The latter was dragged lower by the luxury sector due to disappointing results from LVMH.
Summary for 12.10.2023
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