Economics News October 11, 2024
11 thg 10, 2024
U.S. Stock Market Update on October 11:
The U.S. stock market declined in Thursday's trading session following the release of the latest data, which indicated persistent inflationary pressures. By the close, the S&P 500 index fell by 0.21%, settling at 5,780.05 points. The Nasdaq index slipped by 0.05%, ending at 18,282.05 points. The Dow Jones index dropped by 57.88 points, or 0.14%, to 42,454.12 points.
In September 2024, the Consumer Price Index (CPI) recorded a 0.2% increase month-over-month and a 2.4% increase year-over-year. Both figures surpassed economists' expectations from the Dow Jones survey, which projected monthly and yearly increases of 0.1% and 2.3%, respectively.
U.S. Treasury Bond Update on October 11:
The 10-year U.S. Treasury yield surged significantly compared to the previous day, reaching 4.094%.
Dollar Index Update:
The Dollar Index dipped slightly by 0.06% in the most recent trading session, standing at 102.47, as investors weighed labor market data indicating weakness, along with a modest rise in consumer prices. This combination opened the door for the Federal Reserve to potentially continue cutting interest rates.
Gold Market Update:
Global gold prices reversed course and climbed, with spot gold rising by $21.1 to reach $2,629.8 per ounce. Gold futures were last traded at $2,645.9 per ounce, marking a $19.9 increase compared to the previous morning.
Commodities Market Update:
Notable developments in the commodities market include a sharp rise in oil prices at the close of the October 10 session, with prices jumping around 4%. This was driven by a surge in U.S. fuel demand ahead of Hurricane Milton's landfall in Florida, supply risks in the Middle East, and signs of increasing energy demand in both the U.S. and China. Specifically, Brent crude rose by $2.82, or 3.7%, reaching $79.4 per barrel, while WTI crude increased by $2.61, or 3.6%, to $75.85 per barrel.
Source: Compiled
Related Posts
Giá nông sản ổn định sau phiên đầu tuần.
SFVN News 05.11.2024: Giá nông sản ổn định sau phiên đầu tuần
5 tháng 11, 2024
Chứng khoán Mỹ cũng như các nhóm hàng hóa đang có sự thận trọng trước những sự kiện có thể gây biến động mạnh trong tuần này gồm các sự kiện tại Mỹ và Trung Quốc.
Điểm tin Kinh tế 05.11.2024: Tâm điểm bầu cử
5 tháng 11, 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.