Today's News Update - 03rd Dec 2024 Asia Asia-Pacific markets mostly rose on Monday, with investors focused on economic data from Japan and China. Australia’s retail sales grew 3.4% in October, the fastest annual rise since May. Australia’s S&P/ASX 200 closed at a record high of 8,447.9, while Japan’s Nikkei 225 rose 0.8%. Hong Kong’s Hang Seng gained 0.65%, and China’s CSI 300 climbed 0.79%, supported by rising home prices. US The S&P 500 edged higher to start December, hitting a new record as investors sought to build on strong gains from November. The S&P 500 rose 0.2%, reaching a fresh intraday high, while the Nasdaq Composite gained 1%, also setting a new intraday record. The Dow Jones Industrial Average dipped 0.4% after briefly surpassing 45,000, a level it had touched multiple times last week. Commodity Gold prices slipped on Monday, ending a four-day rally, as the U.S. dollar surged and investors awaited key economic data and insights from the Federal Reserve on interest rates. Spot gold was down 0.3% at $2,646.50 per ounce as of 10:09 a.m. ET (1509 GMT), after dipping as much as 1% earlier. U.S. gold futures fell 0.4% to $2,670. Oil prices rose slightly on Monday, driven by strong factory activity in China, the world’s second-largest oil consumer, and heightened tensions in the Middle East as Israel resumed attacks on Lebanon despite a ceasefire agreement. Brent crude futures gained 71 cents, or 0.99%, to $72.55 per barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 1%, to $68.68. 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