finance
S&P 500 rose 1.24% as global markets advance
Where the major indices, gold and currencies landed, and what the moves mean for Saint Germain Des Pres investors and retirement balances.
How we reported this
The S&P 500 rose 1.24% to 7,575.39, trading higher as Saint Germain Des Pres investors weighed the latest moves across global markets.
How the major markets moved
On Wall Street, the S&P 500 rose 1.24% to 7,575.39, the Dow Jones rose 0.55% to 52,637.01 and the Nasdaq rose 1.59% to 26,281.61. Wall Street’s direction typically sets the tone for how Saint Germain Des Pres portfolios open next session.
Commodities and safe-haven demand
Gold fell 0.41% to US$4,113.7 an ounce and silver fell 0.35% to US$60.17, while WTI crude fell 0.93% to US$71.41 a barrel, a move that feeds through to petrol prices and local input costs.
Currencies and crypto
EUR/USD was little changed to 1.14, shifting the maths for Saint Germain Des Pres importers, travellers and anyone with offshore holdings. Bitcoin rose 0.10% to US$64,190.64.
What it means locally
For Saint Germain Des Pres readers, the day’s moves flow through to retirement savings and pension balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.