Today's News Update - 13th Nov 2024 Asia Markets across the Asia-Pacific region declined on Tuesday. Hong Kong’s Hang Seng index fell 2.76%, while mainland China’s CSI 300 dropped 1.1%, closing at 4,085.74. Australia’s S&P/ASX 200 ended 0.13% lower at 8,255.6. In Japan, the Nikkei 225 declined 0.4%, finishing at 39,376.09, while the Topix ended virtually unchanged at 2,741.52. Traders in the region also analyzed key economic data, including a business conditions survey from the National Australia Bank and Indonesia's retail sales figures for September. US The Dow Jones Industrial Average jumped over 300 points on Monday, reaching a record high as its postelection rally continued. The 30-stock index rose by 304 points, or 0.69%, closing at 44,293.69, marking its first time above 44,000. The S&P 500 also set a new record, edging up 0.1% to finish at 6,001.35. Meanwhile, the Nasdaq Composite remained largely unchanged, gaining just 0.06% to close at 19,298.76. Commodity Gold prices dropped to their lowest level in nearly two months on Tuesday, pressured by a stronger dollar, growing optimism about economic growth under a potential second Trump administration, and a broader market shift following the Nov. 5 U.S. presidential election. Spot gold declined 0.8%, settling at $2,600.49 per ounce, after earlier falling 1% to reach $2,589.59, its lowest point since September 20. U.S. gold futures also slipped 0.5%, ending the day at $2,604.90. Oil prices stabilized on Tuesday, recovering from a 5% decline over the past two sessions as investors processed OPEC’s recent downward revision of oil demand and the market’s letdown over China’s latest stimulus plan. Brent crude futures gained 48 cents, or 0.67%, reaching $72.31 a barrel by 8:19 a.m. ET. Meanwhile, U.S. West Texas Intermediate crude futures rose 47 cents, or 0.69%, to $68.51 a barrel. 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