Today's News Update - 04th Dec 2024
Asia
Asia-Pacific markets saw gains on Tuesday. Japan's Nikkei 225 climbed 2.22%, while the Topix added 1.71%. Hong Kong's Hang Seng Index increased by 0.65% during its final hour of trading, and mainland China’s CSI 300 rose 0.11%, closing at 3,951.89.
Australia’s S&P/ASX 200 advanced 0.56%, ending the day at 8,495.2.
Market participants are bracing for a series of economic reports and remarks from Federal Reserve officials that could impact the future path of interest rates.
US
Stocks pulled back on Tuesday, taking a pause after a strong rally that propelled U.S. benchmarks to record highs.
The S&P 500 remained largely unchanged, while the Nasdaq Composite gained 0.2%. The Dow Jones Industrial Average dipped slightly, falling less than 0.1%.
Both the S&P 500 and Nasdaq set new all-time highs on Monday, extending their robust gains since the November 5 election. Since then, the S&P 500 has risen 4.6%, the Nasdaq has surged 5.2%, and the Dow has gained 6%, trading near the significant 45,000 level.
Commodity
Gold prices eased on Tuesday after a strong U.S. labor report, though a weaker dollar and lower Treasury yields helped limit losses. Spot gold was flat at $2,641.53, while U.S. gold futures rose 0.2% to $2,664.40.
Oil prices jumped nearly 3% as investors awaited an OPEC+ meeting later this week. Brent crude gained 2.65% to $73.73, and U.S. West Texas Intermediate rose 2.95% to $70.11.
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
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