ECONOMIC AND FINANCIAL NEWS BULLETIN 08/27/2024

Posted date: August 27, 2024 Updated date: 08/27/2024

Index

US Stock Market Situation Yesterday, August 26

The stock market had mixed developments among the indices in the first trading session of the week. Specifically, the S&P 500 index decreased 0.32%, down to 5,616.84 points. The Nasdaq index slid 0.85%, down to 17,725.76 points. In contrast, the Dow Jones index increased 0.16%, closing the session at 41,240.52 points.

On the US Treasury bond situation yesterday august 26

The yield on 10-year US Treasury bonds edged up slightly, to 3.812%.

About the Dollar Index situation

The Dollar Index rose from its lowest level in the past 8 months, increasing slightly by 0.14% to reach 100.86 points.

About Gold Situation

World gold prices increased slightly today with spot gold increasing by 3.2 USD, to 2,518.6 USD/ounce. Gold futures last traded up 4.3 USD compared to early this morning, reaching 2,553.9 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 by more than 3% as oil supply was decreasing. Specifically, Brent oil prices increased by 2.41 USD, equivalent to 3.05%, to 81.43 USD/barrel. WTI oil prices increased by 2.59 USD, equivalent to 3.5%, to 77.42 USD/barrel.

Source: SFVN – Commodity investment with experts

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