top of page

Economics News July 30, 2024

30 thg 7, 2024

U.S. Stock Market Situation on July 29

The U.S. stock market showed mixed movements across indices amidst numerous financial reports, U.S. economic data, and central bank policy meetings set to take place this week. The S&P 500 index rose by 0.08%, reaching 5,463.54 points. The Nasdaq index increased by 0.07%, reaching 17,370.2 points. The Dow Jones index, however, moved in the opposite direction, falling by 0.12% to 40,539.93 points.


U.S. Treasury Bonds Situation on July 29

The yield on the 10-year U.S. Treasury bond slightly decreased to 4.18%.


Dollar Index Situation

The Dollar Index increased by 0.25%, reaching 104.57 points, as a series of new economic events this week could impact the market.


Gold Situation

The global gold price turned downward today, with spot gold prices dropping by 5.6 USD to 2,384.7 USD/ounce. Gold futures traded down by 1.7 USD compared to early yesterday, settling at 2,427.6 USD/ounce.


Commodity Market Situation

At the end of the first trading session of the week, oil prices fell nearly 2% as Israeli government officials did not want a full-scale war in the Middle East. Specifically, Brent crude oil prices dropped by 1.35 USD, or 1.7%, to 79.78 USD/barrel. WTI crude oil prices fell by 1.35 USD, or 1.8%, to 75.81 USD/barrel.

Source: Multiple sources

Related Posts

Oil prices continued to decline, falling by more than 1% to the lowest level in seven weeks. This decline was attributed to OPEC+ likely continuing its plan to increase production, weak demand from China, and a potential ceasefire agreement in the Gaza Strip.

Economics News July 31, 2024

31 tháng 7, 2024

While Robusta coffee prices continue to decline, Arabica coffee prices have slightly increased after a new forecast showed that Brazil's current coffee crop yield is lower than initially calculated.

Coffee News July 30, 2024

30 tháng 7, 2024

Metal prices are under pressure ahead of the FOMC meeting

Metals News July 30, 2024

30 tháng 7, 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.

Add a Title

bottom of page