Today's News Update - 29th Aug 2024 Asia
Asia-Pacific markets showed mixed results as investors reacted to Australia's July inflation data, which exceeded expectations. The S&P/ASX 200, after hovering around the flatline following the CPI release, closed at 8,071.4. Hong Kong’s Hang Seng index was down by 1.05% by its final trading hour, while mainland China’s CSI 300 fell by 0.57%, reaching a near seven-month low of 3,286.5. Japan’s Nikkei 225 reversed earlier losses to increase by 0.22%, ending at 38,371.76, while the Topix index gained 0.42%, closing at 2,692.12.  US
In overnight U.S. trading, all three major indexes finished higher as investors anticipated Nvidia's earnings report set for Wednesday. The Dow Jones Industrial Average edged up 0.02%, closing at a new record of 41,250.5. The S&P 500 and the tech-focused Nasdaq Composite both rose by 0.2%, with the Nasdaq ending at 17,754.82. Commodity
On Wednesday, U.S. crude oil prices fell by more than 1%, closing below $75 per barrel as the market gave up earlier gains due to concerns about potential supply disruptions in Libya. Gold prices also declined on Wednesday, pressured by a stronger U.S. dollar as investors awaited key inflation data from the U.S. to gauge the likelihood of a Federal Reserve interest-rate cut in September. Spot gold dropped 0.8% to $2,505.03 an ounce, after falling as much as 1.1% earlier, while U.S. gold futures ended 0.6% lower at $2,537.80. 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