Today's News Update - 3rd July 2024 Asia Japan’s Nikkei 225 rose by 1.12% to close at 40,074.69, hitting its highest level in three months, while the Topix gained 1.15% to reach 2,856.62, nearing its 34-year peak of 2,884.80 set on December 18, 1989. The Japanese yen weakened to 161.67 against the dollar, staying at its lowest level in 38 years. Hong Kong’s Hang Seng index rose 0.33% in its final hour of trading, while Mainland China’s CSI 300 fell 0.18% to end at 3,471.79. Australia’s S&P/ASX 200 fell 0.42% to 7,718.2 after the Reserve Bank of Australia’s June meeting minutes indicated discussions on potential interest rate increases, which were ultimately maintained at 4.35%. US Tuesday saw mixed results across Asia-Pacific markets, contrasting with the robust performance of Wall Street, where the Nasdaq Composite surged to a new all-time high driven by notable gains from tech behemoths such as Microsoft, Apple, and Nvidia. The Nasdaq index rose by 0.83% to finish the session at 17,879.3 points. In the United States, the Dow Jones Industrial Average and the S&P 500 also posted gains, albeit more modestly, with increases of 0.13% and 0.27%, respectively. This positive momentum in U.S. markets was fueled by optimism surrounding economic recovery and corporate earnings. Commodity On Tuesday, U.S. crude oil retreated from its recent two-month peak amid concerns over potential conflict between Israel and Hezbollah, alongside monitoring Hurricane Beryl's potential impact on Gulf Coast refineries. Oil prices have surged recently, coinciding with gasoline prices averaging $3.50 per gallon ahead of the Fourth of July holiday, as reported by AAA. Meanwhile, gold prices saw a slight decline on Tuesday as Treasury yields remained steady. Investors absorbed remarks from Federal Reserve Chair Jerome Powell. Spot gold was down 0.21% to $2,326.90 per ounce, while U.S. gold futures fell approximately 0.2% to $2,335.30. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex