Market Discussion – July 16, 2024

Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the latest market trends and developments. Today, we will be discussing the performance of major financial markets around the world.

Asia Market Recap:

The Asian stock markets experienced a mixed day:

  • NIKKEI 225: +0.20% to 41,275.08
  • Shanghai: +0.08% to 2,976.30
  • Hang Seng: -1.60% to 17,727.98
  • ASX 200: -0.23% to 7,999.30
  • KOSPI: +0.18% to 2,866.09
  • SENSEX: +0.06% to 80,716.55
  • Nifty50: +0.11% to 24,613.00

The major Asian currency markets also had a mixed day:

  • AUDUSD: -0.59% to 0.67223
  • NZDUSD: -0.56% to 0.60417
  • USDJPY: +0.27% to 158.582
  • USDCNY: +0.25% to 7.29212
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Precious Metals Performance:

  • Gold: +1.59% to 2,460.93 USD/oz.
  • Silver: +2.18% to 31.285 USD/oz.

Europe/EMEA Market Update:

European stock markets had a negative day:

  • CAC 40: -0.69% to 7,580.03
  • FTSE 100: -0.22% to 8,164.90
  • DAX 30: -0.39% to 18,518.03

The currency markets in Europe had mixed results:

  • EURUSD: -0.15% to 1.08822
  • GBPUSD: -0.11% to 1.29544
  • USDCHF: +0.02% to 0.89566

US/Americas Market Insights:

US Market Closings:

  • Dow: +1.85% to 40,954.48
  • S&P 500: +0.64% to 5,667.2
  • Nasdaq: +0.2% to 18,509.34
  • Russell 2000: +3.5% to 2,263.67

Canada Market Closings:

  • TSX Composite: +1.07% to 22,995.39
  • TSX 60: +1.09% to 1,370.6

Brazil Market Closing:

  • Bovespa: -0.12% to 54,378.19
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Energy Market Update:

The oil markets had mixed performance:

  • Crude Oil: -1.40% to 80.760 USD/BBL
  • Brent: -1.14% to 83.882 USD/BBL
  • Natural Gas: +2.42% to 2.2102 USD/MMBtu
  • Gasoline: -0.96% to 2.4683 USD/GAL
  • Heating Oil: -1.80% to 2.4653 USD/GAL

Commodity Highlights:

  • Top commodity gainers: Lumber (9.43%), Natural Gas (2.42%), Silver (2.18%), and Oat (3.27%)
  • Top commodity losers: Corn (-2.26%), Cocoa (-7.83%), Aluminum (-1.95%), and Zinc (-2.17%)

Bonds Update:

Key bond yields:

  • Japan 1.0240%
  • US 2’s 4.47%
  • US 10’s 4.192%
  • US 30’s 4.40%
  • Bunds 2.4305%
  • Spain 3.197%

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