ECONOMIC AND FINANCIAL NEWS BULLETIN 13.08.2024

Posted date: August 13, 2024 Updated date: 13/08/2024

Index

US Stock Market Situation Yesterday, August 12

The US stock market maintained its upward momentum in the trading session on Monday as investors awaited inflation data expected to be released this week. Specifically, the S&P 500 index rose slightly by 0.23 points to 5,344.39 points. The Nasdaq index increased by 0.21% to 16,780.61 points. The Dow Jones index increased by 0.36% to 39,357.01 points.

On the US Treasury bond situation yesterday august 12

The yield on 10-year US Treasury bonds turned down, down to 3.9%.

About the Dollar Index situation

The Dollar Index edged down 0.01% to 103.13 as the currency market traded more steadily ahead of inflation data.

About Gold Situation

World gold prices increased sharply today with spot gold increasing by 40 USD, to 2,473.9 USD/ounce. Gold futures last traded up 35.7 USD compared to early this morning, reaching 2,509.1 USD/ounce.

Regarding the commodity trading market situation, some notable developments

At the end of the first trading session of the week, oil prices increased sharply by more than 3% due to concerns that conflicts in the Middle East could affect oil supplies. Specifically, Brent oil prices increased by 2.64 USD, equivalent to 3.3%, to 82.3 USD/barrel. WTI oil prices increased by 3.22 USD, equivalent to 4.2%, to 80.06 USD/barrel.

Source: SFVN – Commodity investment with experts

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