Belgium shares lower at close of trade; BEL 20 down 0.37%

Investing.comOct 31, 2024 5:35 PM

View all comments（0）



Investing.com – Belgium equities were lower at the close on Thursday, as losses in the Consumer Services, Technology and Utilities sectors propelled shares lower.

At the close in Brussels, the BEL 20 fell 0.37% to hit a new 1-month low.

The biggest gainers of the session on the BEL 20 were Argen-X (EBR:ARGX), which rose 5.86% or 30.00 points to trade at 541.60 at the close. D’Ieteren NV (EBR:IETB) added 4.47% or 8.50 points to end at 198.50 and Solvay SA (EBR:SOLB) was up 0.08% or 0.03 points to 37.06 in late trade.

Biggest losers included Anheuser Busch Inbev SA NV (EBR:ABI), which lost 5.82% or 3.40 points to trade at 54.98 in late trade. Galapagos NV (AS:GLPG) declined 5.70% or 1.50 points to end at 24.82 and Melexis NV (EBR:MLXS) shed 2.13% or 1.30 points to 59.65.

Declining stocks outnumbered rising ones by 67 to 27 and 13 ended unchanged on the Brussels Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 1.73% or 48.45 to $2,752.35 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.66% or 0.45 to hit $69.06 a barrel, while the January Brent oil contract rose 0.57% or 0.41 to trade at $72.57 a barrel.

EUR/USD was unchanged 0.04% to 1.09, while EUR/GBP rose 0.78% to 0.84.

The US Dollar Index Futures was up 0.15% at 104.02.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Micron Technology (MU) Stock Forecast: AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

Micron rebounds from ascending trendline support as AI-driven HBM demand continues to reshape earnings. Can MU extend toward $1,103 after record Q3 results?

NVIDIA (NVDA) Stock Forecast: DeepSeek Building Its Own Chip - Is $197 the Bottom?

Reuters says DeepSeek is building its own AI chip to cut ties with Nvidia. NVDA slipped 2% on the news but still holds $197. The chart has flipped to a long setup. 61 analysts Buy at $301 avg target.

Japan and South Korea Stocks Surge at Open: Nikkei 225 and Kospi Soar Together, SK Hynix and Kioxia Jump 8%, Samsung and SoftBank Follow

Japanese and South Korean stock markets opened higher and continued to rise, with the KOSPI Index and the Nikkei 225 index gaining to varying degrees. SK Hynix and Kioxia surged by approximately 8%, while Samsung Electronics and SoftBank tracked the gains.

US Stocks Close: Dow Plunges 1.09%, Nasdaq Rises Against Trend, Philadelphia Semiconductor Index Gains Over 2%; Trump Announces End of US-Iran Ceasefire Agreement, Some Fed Officials See Need for Rate Hike.

TradingKey - Donald Trump publicly stated that he has no intention of resuming any agreement negotiations with Iran, dampening market trading sentiment. The three major US stock indexes diverged, with the Dow Jones Industrial Average taking a hit, the Nasdaq Composite rising, blue-chip stocks declining, and memory chip stocks rebounding. At the close, the Dow Jones Industrial Average fell 1.09% to 52,348.39 points; the Nasdaq Composite Index rose 0.20% to 25,870.65 points; and the S&P 500 Index fell 0.28% to 7,482.71 points.

FOMC Minutes: Fed Shifts to Neutral Wait-and-See Stance, a Few Officials See Need to Raise Rates, Upside Inflation Risks Become Core Conflict

The Federal Reserve released the minutes of its June 16-17 FOMC monetary policy meeting on July 8. The document shows that the Fed's policy has completely shifted to a neutral, wait-and-see stance, with upside risks to inflation becoming the core contradiction. This FOMC meeting sent a clear signal that the Fed has completely moved away from its previous unilateral rate-cut bias and entered a period of two-way, flexible policy observation. Higher-than-expected inflation stickiness and its broadening scope are the core reasons for this policy shift, while the resilience of employment and growth provides room for flexible policy adjustments. Officials confirmed a further rise in inflation, noting that pressures are no longer confined to exogenous factors such as energy and tariffs. Instead, price increases have spread across a wide range of categories including transportation, airfares, and oil, with service inflation excluding housing showing almost no improvement. In the short term, as shipping through the Strait of Hormuz recovers and the marginal effects of tariffs fade, inflation is expected to decline gradually.

Featured Tools