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Economic News June 16, 2024

17 thg 6, 2024

U.S. Stock Market Situation: The U.S. stock market exhibited mixed performance as economic data cooled and the Federal Reserve (Fed) kept interest rates unchanged in its recent meeting.

The S&P 500 and Dow Jones indexes declined slightly, with the S&P 500 falling by 2.14 points to 5,431.6 points. The Dow Jones dropped by 57.94 points to 38,589.16 points. Meanwhile, the Nasdaq Composite continued to rise, reaching a record high for the fifth consecutive session, increasing by 21.32 points to 17,688.88 points.


U.S. Treasury Bonds Situation

The yield on 10-year U.S. Treasury bonds decreased to 4.221%.


Dollar Index Situation

The Dollar Index reached 105.55 points at one point last week, surpassing the 104-105.5 range held for the past 4 weeks. However, the Dollar Index sharply declined below 105 points after the Fed kept interest rates unchanged but quickly rebounded to 105.52 points today.


Gold Situation

Gold prices edged lower in the early trading session of the week after surging at the end of the previous week. Currently, spot gold prices are down 0.34% to $2,325 per ounce, and August futures gold is down 0.4% to $2,340.


Commodity Market Situation

Global oil prices are experiencing slight downward pressure amid a high U.S. dollar. Specifically, Brent crude oil is at $82.49 per barrel, and WTI crude oil is at $78.33 per barrel.

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By the end of Thursday’s trading session, oil prices continued to slide, nearly 3%, following reports from the Financial Times that Saudi Arabia has abandoned its 100 USD price target in preparation to boost production.

Economic News September 27, 2024

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The USD rebounded, putting pressure on metal prices.

Metals News September 26, 2024

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Coffee prices maintain their upward momentum.

Coffee News September 26, 2024

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