Market Discussion – May 6, 2024

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Let’s take a look at today’s market snapshot:

Asia:
– NIKKEI 225 closed
– Shanghai increased by 1.16% to 3,140.72
– Hang Seng increased by 0.55% to 18,578.30
– ASX 200 increased by 0.70% to 7,682.40
– SENSEX increased by 0.02% to 73,895.54
– Nifty50 decreased by 0.15% to 22,442.70

The major Asian currency markets had a positive day with green numbers across the board.

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Precious Metals:
– Gold increased by 1.03% to $2,325.01
– Silver increased by 3.15% to $27.383

Europe/EMEA:
– CAC 40 increased by 0.49% to 7,996.64
– FTSE 100 closed
– DAX 30 increased by 0.96% to 18,175.21

The major Europe currency markets also had a green day.

US/Americas:
– Dow advanced by 0.46% to 38,852.27
– S&P 500 advanced by 1.03% to 5,180.74
– Nasdaq advanced by 1.19% to 16,349.25
– Russell 2000 advanced by 1.23% to 2,060.68

Energy:
The oil markets saw gains today.

Top commodity gainers included Natural Gas, Silver, Palladium, and Rapeseed. Meanwhile, HRC Steel, Coffee, Cheese, and Cocoa were among the top commodity losers.

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Bonds:
Various bond rates were reported, with Japan at 0.906%, US 2’s at 4.82%, US 10’s at 4.493%, and more.

Stay tuned to Extreme Investor Network for more in-depth analysis and expert insights into the world of economics and finance. Our unique perspective and valuable information will keep you ahead of the curve in the ever-changing market landscape.

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