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Asia Pacific

World Stocks Up Ahead of U.S. Fed Meeting and Growth Data

On Monday, July 26, world stocks were up ahead of the U.S. Federal Meeting on Wednesday and the release of economic growth data.

In Wall Street, the NASDAQ Composite Index led the gains by 1.04% with a net increase of $152.39. This sent the stocks higher at $14,837 per share.

NanoVibronix Inc was its best performer which climbed 248.14% or 1.86 points at $2.61 per share.

Likewise, the benchmark S&P 500 progressed 1.01% with a net gain of $44.31. This sent the stocks above at $4,412 per share. 

It was led by the Covid-19 vaccine maker Moderna Inc which advanced 7.84% or 25.35 points at $348.83 per share.

Consequently, the Dow Jones Industrial Average jumped 0.68% with a net addition of $238.20. This sent the stocks up at $35,062 per share.

Its top performer was Visa Inc which rose 2.00% or 4.88 points to $249.02 per share.

In Europe, the pan-European STOXX 600 rallied 1.09% with a net increase of $4.98. This sent the stocks above at $461.51 per share.

In the Frankfurt Stock Exchange, the DAX and the MDAX Performance Index both spiked 1.00% or 154.75 points to $15,669 and 0.92% or 319.25 points to $35,163, respectively.

The former was led by Daimler AG which progressed 5.45% or 3.89 points at $88.64 per share.

While the latter was led by Rational AG which advanced 3.21% or 28.00 points at $1,059.61 per share.

In the London Stock Exchange, the FTSE All Share Index and the FTSE 100 Index both smashed 0.84% or 33.63 points at $4,025 and 0.85% or 59.28 points at $7,028, respectively.

Asia Pacific Stocks Mostly Down

Moreover,  Asia Pacific stocks were mixed as Japan’s Nikkei 225 hopped 1.19% with a net gain of $328.16 which sent the stocks higher at $27,876.16 per share.

This was led by JFE Holdings Inc which climbed 6.25% or 77.00 points at $11.86 per share.

While the broader TOPIX Index rallied 1.20% with a net increase of $22.77. This sent the stocks up at $1,927.18 per share.

On the other hand, China’s Shanghai Composite and Shenzhen Component Index both declined 2.18% or 77.27 points at $3,473.13 and 2.50% or 375.25 points at $14,653.32, respectively.

Likewise, Hong Kong’s Hang Seng Index also plummeted 2.79% or 760.80 points at $26,561.18 per share.

Its best performer was Geely Automobile Holdings Ltd which tweaked 1.27% or 0.30 points at $3.09 per share.

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