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Economics News July 18, 2024

18 thg 7, 2024

US stock market


U.S. stock futures inched higher on Thursday morning after the Nasdaq Composite’s worst session since 2022 amid investors’ rotation out of big tech high-flyers.

Dow Jones Industrial Average futures rose 68 points, or 0.16%. S&P 500 futures and Nasdaq 100 futures climbed 0.20% and 0.33%, respectively.


US Treasury bonds


The US Treasury's 10-year bond yield remains at 4.16%.


Dollar Index


The Dollar Index fell 0.53%, to 103.75 points, after comments from some FED officials showed that the possibility of interest rate cuts increased in the near future.


Gold


World gold prices turned down slightly after a record-breaking session with spot gold down 10.3 USD, down to 2,457.8 USD/ounce. Gold futures last traded down 10.6 USD compared to yesterday morning, down to 2,463 USD/ounce.


Commodity market


At the end of yesterday's trading session, oil prices suddenly turned up about 2% when US oil inventories fell stronger than expected and the US dollar weakened. Brent oil price increased 1.35 USD, equivalent to 1.6%, to 85.08 USD/barrel. WTI oil price increased by 2.09 USD, equivalent to 2.6%, to 82.85 USD/barrel.


Source: Collected from various source

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