Today's News Update - 9th Sept 2024 Asia Most Asia-Pacific markets declined on Friday. Japan’s Nikkei 225 dropped 0.72%, ending at 36,3191.47 and marking its fourth consecutive losing day, while the broader Topix index fell 0.89% to 2,597.42 following the data release. In contrast, Australia’s S&P/ASX 200 gained 0.39%, closing at 8,013.4. Hong Kong's markets are closed today due to a typhoon signal issued by the Hong Kong Observatory in response to Super Typhoon Yagi. Mainland China’s CSI 300 index ended 0.81% lower, closing at a new seven-month low of 3,231.35. US In overnight trading in the U.S., all three major indexes declined as investors shed risk assets and worries about the U.S. economic outlook increased. The S&P 500 fell 0.3%, marking its third consecutive day of losses, while the Dow Jones Industrial Average dropped 0.54%. The Nasdaq Composite gained 0.25%, although it had been up as much as 1.2% earlier in the session. Commodity U.S. crude oil prices fell to their lowest level since June 2023, putting the benchmark on track for its worst week in nearly a year, as OPEC+ failed to reassure the market about the global supply and demand balance. U.S. crude dropped to $67.17 earlier in the session and declined 8% for its worst weekly performance since October. The Brent global benchmark fell 9.8% this week. Gold prices decreased on Friday, retreating from near-record highs after mixed U.S. jobs data raised uncertainties about the extent of a potential Federal Reserve interest rate cut this month. Spot gold fell 0.8% to $2,495.85 per ounce by 4:04 p.m. ET, after reaching its highest level since August 20. U.S. gold futures dropped 0.7% to $2,525.50. 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