ECONOMIC AND FINANCIAL NEWS JULY 30, 2024

Posted date: 07/30/2024 Updated date: 07/30/2024

Index

US Stock Market Situation Yesterday, July 29 

The US stock market had mixed performances among the indices as many financial reports, US economic data and central bank policy meetings will take place this week. Of which, the S&P 500 index increased 0.08%, to 5,463.54 points. The Nasdaq index increased 0.07%, reaching 17,370.2 points. The Dow Jones index had mixed performances when it decreased 0.12%, to 40,539.93 points.

On the US Treasury bond situation yesterday july 29

The yield on 10-year US Treasury notes edged down to 4.18%.

About the Dollar Index situation

The Dollar Index increased by 0.25% to 104.57 points as a series of new economic events took place this week that could affect the market.

About Gold Situation

World gold prices today turned down with spot gold prices falling 5.6 USD, down to 2,384.7 USD/ounce. Gold futures last traded down 1.7 USD compared to early yesterday morning, down to 2,427.6 USD/ounce.

Regarding the commodity trading market situation, some notable developments

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 to take place in the Middle East. Specifically, Brent crude oil prices fell 1.35 USD, equivalent to 1.7%, to 79.78 USD/barrel. WTI crude oil prices fell 1.35 USD, equivalent to 1.8%, to 75.81 USD/barrel.

Source: SFVN – Commodity investment with experts

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