The market was generally quiet on November 19. US stocks were mixed across major indices. Commodity prices were little changed. Meanwhile, gold prices recovered.
Economic and financial news on the US stock market situation on November 19: The Nasdaq Composite Index rose 1.04% to 18,987.47 points. The S&P 500 Index rose 0.4% to 5,916.98 points. In contrast, the Dow Jones fell 0.28% to 43,268.94 points.
According to LSEG Lipper, global equity funds received more than $49 billion in capital inflows in the week ending November 13, the strongest capital inflow since January 2014.
The USD temporarily retreated slightly to 106.1 and the yield on 10-year US Treasury bonds fell to 4.388% on the morning of November 20.
The People's Bank of China today decided to keep the one-year loan prime rate unchanged at 3.1% and the five-year LPR at 3.6%.
Bruce Pang, chief economist and head of China research at JLL, said there was “no immediate need to adjust the LPR this month,” adding that Chinese leaders may still be assessing the impact of recent stimulus measures to boost the economy.
About gold price, at the end of the session on November 19, spot gold contracts increased by 0.8% to 2,632.68 USD/ounce. Gold futures contracts increased by 0.8% to 2,635.50 USD/ounce.
Silver contract price December rose slightly by 0.1% to $31,417/troy ounce. The January 2025 platinum contract price reached $978.6/troy ounce. The December 2024 copper contract price increased by 0.5% to $4,142/pound.
Economic and financial news on Oil Contracts WTI rose 0.33% to $69.39 a barrel. Brent crude futures edged up to $73.31 a barrel despite Ukraine attacking Russia with a long-range missile made in the United States.
