ECONOMIC AND FINANCIAL NEWS OCTOBER 11, 2024

Posted date: 10/11/2024 Updated date: 10/11/2024

Index

US Stock Market Situation Yesterday, October 11

Financial economic news on October 11, 2024. The US stock market fell in the trading session on Thursday, after the latest statistics showed the persistence of inflation. At the close, the S&P 500 index decreased 0.21% to 5,780.05 points. The Nasdaq index slipped 0.05% to 18,282.05 points. The Dow Jones index decreased 57.88 points, equivalent to 0.14% to 42,454.12 points.

 In September 2024, the consumer price index (CPI) recorded an increase of 0.2% compared to the previous month and 2.4% compared to the same period last year. Both figures exceeded the forecasts of economists in the Dow Jones survey, where they expected an increase of 0.1% monthly and 2.3% annually.

 On the US Treasury bond situation yesterday 11th October

The yield on 10-year US Treasury bonds increased sharply from the previous day, reaching 4.094%.

About the Dollar Index situation

The dollar index edged down 0.06% in the last session, at 102.47 as investors weighed data showing a weak labor market, along with a slight rise in consumer prices, paving the way for the US Federal Reserve to likely continue cutting interest rates.

 About Gold Situation

World gold prices reversed to increase with spot gold increasing by 21.1 USD, reaching 2,629.8 USD/ounce. Gold futures last traded at 2,645.9 USD/ounce, up 19.9 USD compared to early this morning.

 On the situation of the commodity trading market

The economic and financial news ended the trading session on October 10, oil prices continued to increase by about 4% due to the sudden increase in fuel demand in the US before Hurricane Milton made landfall in Florida, supply risks in the Middle East and signs that energy demand could increase in both the US and China. Specifically, Brent oil prices increased by 2.82 USD, equivalent to 3.7%, to 79.4 USD/barrel. WTI oil prices increased by 2.61 USD, equivalent to 3.6%, to 75.85 USD/barrel. Let's follow HVA to update and grasp the fastest information about the financial market every day.

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Doan Nguyen Duy Hau

HVA shares are a sustainable profitable choice in the investment field. Committed to bringing safety and maximum benefits to investors through effective investment solutions.
HVA shares are a sustainable profitable choice in the investment field. Committed to bringing safety and maximum benefits to investors through effective investment solutions.

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