ECONOMIC AND FINANCIAL NEWS BULLETIN 02.08.2024

Posted date: 08/02/2024 Updated date: 08/02/2024

Index

Economic and Financial News August 2, 2024

US Stock Market Situation Yesterday, August 1

US stock markets fell sharply in Thursday trading amid investor concerns that a recession could be brewing in the US.

Specifically, the S&P index fell 1.37%, down to 5,446.68 points. The Nasdaq index fell 2.3%, down to 17,194.15 points. The Dow Jones index fell 1.21%, down to 40,347.97 points.

On the US Treasury bond situation yesterday august 1

The yield on the 10-year US Treasury note extended its sharp decline as it fell to 3.982%.

About the Dollar Index situation

The Dollar Index turned up 0.24%, to 104.34 points as geopolitical tensions in the Middle East caused investors to seek safer havens.

About Gold Situation

World gold prices today turned down with spot gold prices falling 4.2 USD, down to 2,444 USD/ounce. Gold futures last traded down 6 USD compared to early this morning, down to 2,487.3 USD/ounce.

Regarding the commodity trading market situation, some notable developments

At the end of Thursday's trading session, oil prices fell slightly to approximately 2% as political tensions in the Middle East did not greatly affect the oil market.

Specifically, Brent oil price decreased by 1.32 USD, equivalent to 1.6%, to 79.52 USD/barrel. WTI oil price decreased by 1.6 USD, equivalent to 2.1%, to 76.31 USD/barrel.

Source: SFVN – Commodity investment with experts

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