ECONOMIC AND FINANCIAL NEWS BULLETIN 08/15/2024

Posted date: August 15, 2024 Updated date: 16/08/2024

Index

US Stock Market Situation Yesterday, August 14

The US stock market rose for the fifth consecutive session amid a new report showing that inflation was falling. Specifically, the S&P index increased 0.38% to 5,455.21 points. The Nasdaq index increased 0.03% to 17,192.6 points. The Dow Jones index increased 0.61% to close the session at 40,008.39 points.

On the US Treasury bond situation yesterday august 14

The yield on the 10-year US Treasury note continued to fall, down to 3.841%.

About the Dollar Index situation

The Dollar Index continued to decrease slightly by 0.03% to 102.57 points after the consumer price index report showed that inflation is cooling down in the US.

About Gold Situation

The world gold price continued to decline today, with spot gold falling 17 USD to 2,448.2 USD/ounce. In contrast, gold futures last traded up 18.8 USD compared to early this morning, to 2,486 USD/ounce.

Regarding the commodity trading market situation, some notable developments

At the end of yesterday's trading session, oil prices fell more than 1% after US oil inventories increased and concerns about conflict in the Middle East also cooled down. Specifically, Brent crude oil prices fell 93 cents, equivalent to 1.15%, to 79.76 USD/barrel. WTI crude oil prices fell 1.37 USD, equivalent to 1.8%, to 76.98 USD/barrel.

Source: SFVN – Commodity investment with experts

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