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Economic News June 19, 2024

19 thg 6, 2024

U.S. Stock Market Situation: U.S. Stocks Extend Their Rally

All three major indices on Wall Street rose. The S&P 500 set a new record, increasing by 0.3% to 5,487.03 points; the Dow Jones rose by 0.2% to 38,834.86 points; while the Nasdaq Composite gained less than 0.1%, reaching 17,862.23 points.


U.S. Treasury Bonds Situation

The yield on 10-year U.S. Treasury bonds fell to 4.219%.


Dollar Index Situation

The Dollar Index dropped by 0.07 points compared to the previous day, reaching 105.25. Meanwhile, the USD weakened against the Euro during the latest trading session following disappointing U.S. retail sales data.


Gold Situation

The global gold price reversed direction and increased slightly. Spot gold rose by $12.1 to $2,330.4 per ounce. Futures gold increased by $10.2 compared to the previous morning, reaching $2,344.1 per ounce.


Commodity Market Situation

This morning, oil prices continued to rise amid heightened political tensions in the Middle East and Europe. As of 8:15 AM Vietnam time, Brent crude was at $85.39 per barrel, and WTI crude was at $81.77 per barrel. In yesterday's trading session, Brent crude increased by 1.3%, while WTI crude rose by 1.5%.

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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.

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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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