Today's News Update - 28th Aug 2024 Asia
Asia-Pacific markets mostly declined on Tuesday. The Hong Kong Hang Seng Index increased by 0.4% in its final hour of trading, whereas mainland China’s CSI 300 fell by 0.57%, closing at 3,305.33. Japan’s Nikkei 225 rose by 0.47% to finish at 38,288.62, and the broad-based Topix gained 0.73% to end at 2,680.80, making them the only two major indexes in positive territory. Australia’s S&P/ASX 200 reversed its gains to decline by 0.16%, ending the session at 8,084.5. Earlier in the day, the index was near its all-time closing high of 8,114.7, set on August 1.  US
On Tuesday, the S&P 500 edged up as investors anticipated a significant earnings report later in the week. The broad market index increased by 0.16% to close at 5,625.80. Similarly, the Nasdaq Composite climbed 0.16% to end at 17,754.82. The Dow Jones Industrial Average gained 9.98 points, or 0.02%, closing at 41,250.50, marking its second consecutive record close. Commodity
Late Monday, oil prices continued to climb following strikes between Israel and Hezbollah over the weekend. U.S. West Texas Intermediate crude rose by 3.5% to $77.42 per barrel, while Brent crude increased by 3.05% to $81.43 per barrel, its highest level in about two weeks. On Tuesday, oil prices slightly retreated, with WTI futures trading at $77.02 per barrel and Brent at $81.07 per barrel. Gold prices eased on Tuesday, holding steady near last week’s record highs as investors awaited clarity on the scale of a potential interest rate cut from the Federal Reserve, with an inflation report due later this week. Spot gold fell by 0.3% to $2,510.31 per ounce, and U.S. gold futures decreased by 0.4% to $2,545.60. 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