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Economics News July 19, 2024

19 thg 7, 2024

US stock market

 

Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities.

 

Futures tied to the Dow Jones Industrial Average  inched up 28 points, or less than 0.1%. S&P 500 futures ticked up 0.1%, while Nasdaq 100 futures added 0.2%.

 

US Treasury bonds

 

The yield on the 10-year U.S. Treasury bond slightly increased to 4.202%

 

Dollar Index

 

The Dollar Index rose by 0.42%, reaching 104.17 points as new data indicated more optimism about U.S. manufacturing and labor markets. In contrast, the EUR fell in yesterday's trading session as the ECB decided to maintain stable interest rates.

 

Gold

 

The global price of gold continued to decline slightly, with spot gold decreasing by 12.3 USD to 2,445.5 USD per ounce. Gold futures were last traded down 12 USD from the early morning, settling at 2,447.9 USD per ounce.

 

Commodity market

 

U.S. oil futures on Thursday held to gains after jumping 2.6% in the previous session as crude inventories fell for the third week in a row. U.S. commercial crude inventories fell by 4.9 million barrels last week, though gasoline stocks rose by 3.3 million barrels and motor fuel demand weakened by 615,000 barrels per day.

 

West Texas Intermediate August contract: $82.82 per barrel, down 3 cents. Year to date, U.S. crude oil has gained 15.6%.

 

Brent September contract: $85.11 per barrel, up 3 cents. Year to date, the global benchmark is ahead 10.5%.

 

Source:  Collected from various source

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