Market Updates – May 17, 2024

At Extreme Investor Network, we provide you with the latest and most insightful information on the global economic landscape. Today, we are excited to share with you the market trends from Asia, Europe/EMEA, and US/Americas, as well as the latest updates on energy and bonds.

Asia:
“Market Talk” will be paused until June as our team focuses on the upcoming London Seminar. Tickets are still available for purchase, so don’t miss out on this valuable event.

In the major Asian stock markets, we saw a mixed day with fluctuations in indices such as NIKKEI 225, Shanghai, Hang Seng, ASX 200, Kospi, SENSEX, and Nifty50. The currency markets in Asia, on the other hand, had a positive day with gains in pairs like AUDUSD, NZDUSD, USDJPY, and USDCNY. Precious metals also saw an increase in prices with Gold and Silver making noteworthy gains.

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Europe/EMEA:
In Europe, the stock markets experienced a negative day with decreases in indices like CAC 40, FTSE 100, and DAX 30. However, the currency markets had a positive day with gains in pairs such as EURUSD, GBPUSD, and USDCHF.

US/Americas:
In the US markets, the Dow and S&P 500 saw advances, while the Nasdaq and Russell 2000 declined. In Canada, the TSX Composite and TSX 60 advanced, while the Bovespa in Brazil declined.

Energy:
The oil markets had a positive day with increases in the prices of Crude Oil, Brent, Natural Gas, Gasoline, and Heating oil. Top commodity gainers included Natural Gas, Nickel, Coffee, and Copper, while top commodity losers included Oat, Lean Hogs, Methanol, and Cheese.

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Bonds:
Lastly, in the bond market, we observed fluctuations in yields for various countries such as Japan, US, Bunds, France, Italy, Turkey, Greece, Portugal, Spain, and UK Gilts.

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