ECONOMIC AND FINANCIAL NEWS BULLETIN 08/28/2024

Posted date: August 28, 2024 Updated date: 08/28/2024

Index

US Stock Market Situation Yesterday, August 27

US stocks rose on Tuesday as investors awaited the inflation report due later this week. The S&P 500 rose 0.16% to 5,625.8 points. The Nasdaq rose 0.16% to 17,754.82 points. The Dow Jones rose 0.02% to close at 41,250.5 points.

On the US Treasury bond situation yesterday august 27

The yield on the 10-year US Treasury note continued to rise slightly, to 3.832%.

About the Dollar Index situation

The Dollar Index fell 0.30% to 100.55 points. In contrast, the British pound rose to its highest level against the USD in more than 2 years.

About Gold Situation

World gold prices continued to increase slightly today, with spot gold increasing by 6.3 USD to 2,524.9 USD/ounce. Gold futures last traded up 4.8 USD compared to early this morning, reaching 2,560 USD/ounce.

Regarding the commodity trading market situation, some notable developments

At the end of the trading session on Tuesday, oil prices reversed to decrease by about 2% after 3 previous sessions of increase. Specifically, Brent oil price decreased by 1.88 USD, equivalent to 2.3%, to 79.55 USD/barrel. WTI oil price decreased by 1.89 USD, equivalent to 2.4%, to 75.53 USD/barrel.

Source: SFVN – Commodity investment with experts

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