Oil prices fell and gasoline rose in price as a result of hurricane Harvey in Texas, which hit the energy-rich coast of the Gulf of Mexico, where more than half of the refining capacity in the United States is located. WTI futures traded at $ 45.96 a barrel at the beginning of trading, and Brent was worth $ 50.87 a barrel, flush with the last closing level. The hurricane is estimated as the worst in the history of the United States in terms of financial costs, and some analysts believe that it will cost the country $ 160 billion.
In Asia, the Japanese Nikkei index rose 0.7% to a 2-week high against the backdrop of the yen’s depreciation. MSCI fell by 0.1%, although on a monthly basis it is still 0.3% higher than the previous period. Wall Street was trading with a positive trend, as economic data showed that the US economy is growing, adding 3% year-on-year in the second quarter amid rising consumer spending and active investment in the business sector. Dow Jones rose 0.12%, the S & P 500 climbed 0.46%, and the Nasdaq rose 1.05%.
The US dollar was trading with positive dynamics towards the Japanese yen: the pair’s rate rose to 110.57 at the beginning of trading. The euro fell to $ 1.1883 from the previous level of $ 1.2069, partly due to the ECB’s reluctance to contribute to the appreciation of the currency. The rebound of the dollar was 0.5%, and gold is trading at $ 1,302.50 an ounce, below the 38-week high of $ 1325.95, reached on Tuesday.
Today is expected to publish Canada’s GDP at 12:30 GMT, and at the same time, the number of applications for unemployment benefits in the US.