Economics News July 12, 2024
12 thg 7, 2024
US Stock Market Situation
The US stock market unexpectedly turned sharply lower during trading on Thursday despite the potential for a Federal Reserve interest rate cut. By the close, the S&P 500 index fell by 0.88%, ending at 5,584.54 points. The Nasdaq index dropped 1.95%, closing at 18,283.41 points. In contrast, the Dow Jones index showed a mixed performance, increasing by 0.08% to end at 39,753.75 points.
US Treasury Bonds Situation
The yield on the 10-year US Treasury bond continued to decline, reaching 4.212%.
Dollar Index Situation
The Dollar Index continued to fall, down 0.55% to 104.50 points, as newly released data showed an unexpected decrease in the Consumer Price Index (CPI) for June.
Gold Situation
Global gold prices surged today, with spot gold increasing by $43.80 to $2,414.50 per ounce. Futures gold trading last occurred with an increase of $42.65 compared to early morning, reaching $2,422.30 per ounce.
Commodity Market Situation
At the close of yesterday’s trading, oil prices continued to rise slightly due to data indicating that inflation unexpectedly slowed, raising expectations for a US interest rate cut. Brent crude oil rose by 32 cents, or 0.4%, to $85.40 per barrel. WTI crude oil increased by 52 cents, or 0.6%, to $82.62 per barrel.
Related Posts
The U.S. Dollar weakened following a weaker-than-expected U.S. July housing starts report.
Metals News August 19, 2024
19 tháng 8, 2024
The prices of both types of coffee continue to rise due to a decrease in inflation in the U.S., an increase in the Brazilian Real, which reduces exports, and speculators closing their short positions.
Coffee News August 19, 2024
19 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.