Economic News August 05, 2024
5 thg 8, 2024
U.S. Stock Market Situation on August 2
The U.S. stock market sharply declined on Friday as the July jobs report fell below expectations, further reinforcing the risk of an economic recession in the U.S. Specifically, the S&P 500 index fell by 1.84%, down to 5,346.56 points. The Nasdaq index decreased by 2.43%, to 16,776.16 points. The Dow Jones index dropped by 1.51%, to 39,737.26 points.
U.S. Treasury Bond Situation on August 4
The 10-year U.S. Treasury bond yield continued its sharp decline, dropping to 3.789%.
Dollar Index Situation
The Dollar Index started the new week at 103.22 points.
Gold Situation
The global gold price today showed an upward trend, with spot gold rising by $2.3 from last week's closing level, reaching $2,446.4 per ounce.
Commodity Market Situation
At the end of last Friday's trading session, oil prices continued to decline by 2%, despite low U.S. inventory levels. Specifically, Brent oil prices fell by $1.71, or 2%, to $83.2 per barrel. Similarly, WTI oil prices decreased by $1.88, or 2.3%, to $79.49 per barrel.
Source: Multiple sources
Related Posts
At the start of the week, oil prices saw a significant increase of over 3% due to concerns that conflicts in the Middle East might disrupt oil supply.
Economic News August 13, 2024
13 tháng 8, 2024
Robusta and Arabica prices have no new fluctuations as they continue to decrease.
Coffee News August 12, 2024
12 tháng 8, 2024
Related Post
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.