top of page

Economic News June 12, 2024

12 thg 6, 2024

U.S. Stock Market Sees Notable Gains

The S&P 500 index increased by 13.80 points, closing at 5,360.79. The Nasdaq 100 rose by 73.72 points, ending at 19,074.67, while the Dow Jones Industrial Average gained 69.05 points, closing at 38,868.04. The positive performance of the U.S. stock market reflects investor expectations for the upcoming Fed interest rate decision and the U.S. Consumer Price Index (CPI) for May.


U.S. Treasury Bond Yields Situation

U.S. Treasury bond yields rose yesterday as new data indicated higher inflation expectations. Investors are focused on the Fed's two-day policy meeting, where it is expected to keep interest rates steady.


Dollar Index Situation

The Dollar Index increased following new data showing higher inflation expectations and rising bond yields. The Euro fell sharply due to political uncertainty following the European Parliament elections. The British Pound also weakened under strong selling pressure.


Gold Situation

On June 11, gold prices edged up slightly, with spot gold rising by $5.80 to $2,310.20 per ounce. Futures gold traded last at $2,327.90 per ounce, up $2.90 from the previous early morning.


Commodity Market Situation

Crude oil prices increased by about 3% to a one-week high, driven by strong summer fuel demand expectations despite a strong USD. However, rising U.S. crude oil inventories and OPEC's production cut plans eased some of the upward pressure.


Global Commodity Exchanges Situation

At the London Metal Exchange, gold and silver prices surged due to expectations of monetary policy easing. On the Chicago Commodity Exchange, crude oil prices fell due to concerns about prolonged high interest rates and increased fuel inventories in the U.S.

Related Posts

Coffee prices fluctuate in opposite directions.

Coffee News October 9, 2024

9 tháng 10, 2024

Nhóm các kim loại quý đồng loạt giảm giá trong phiên giao dịch ngày thứ 3.

Bản tin Kim loại ngày 09.10.2024

9 tháng 10, 2024

Chứng khoán Mỹ tăng mạnh điểm trong phiên giao dịch

Bản tin Kinh tế Tài chính ngày 09.10.2024

9 tháng 10, 2024

Related Post

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

bottom of page