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FINANCE Thursday 28th July

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The CSX Index is currently at 475.82 Points down 0.19 Points or 0.04%

National bank of Cambodia Daily Exchange Rate is 4,098KHR to the USD$.

The dollar dropped to a three-week low versus the yen.

Britain's main equity indexes rose on Thursday, catching up with an overnight rally on Wall Street , while strong results from blue-chip companies Shell and Diageo added to the upbeat mood.

The main FTSE 100 index (.FTSE) gained 0.2% to hit seven-week highs, while the domestically focussed midcap index (.FTMC) added 0.7%.

Asian and European stocks markets echoed an upbeat sentiment on Wall Street on Wednesday after the U.S. Federal Reserve raised interest rates as expected, but eased some concerns over the pace of rate hikes going forward.

The S&P 500 rose 2.9%, the Dow Jones Industrial Average gained 1.7%, or 546 points, the Nasdaq was up 4.4%.

Following the Fed's 0.75% rate hike on Wednesday, Powell teed up the idea of another "unusually large" rate hike in September, but said that further tightening could push the Fed to slow the pace of rate hikes to assess the impact on inflation and the economy.

Alphabet (NASDAQ:GOOGL) reported earnings and revenue that fell short of estimates, but results were better than feared, driven by strength in its search business, sending its shares more than 8% higher.

Bitcoin (BTC) extended its stint in the red during today’s session, as the token was on the cusp of falling below $21,000.

Following a high of $22,213.48 to start the week, BTC/USD slipped to an intraday low of $21,012.48 in today’s session.

The move saw the world’s largest cryptocurrency fall to its lowest level since last Monday, July 18, when prices were trading at a significant price floor.


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