Market Update – May 1, 2024

Welcome to Extreme Investor Network, where we provide you with unique and valuable information in the world of Economics. Today, we will take a look at the latest market trends from around the globe.

In the major Asian stock markets, there was a negative trend with the NIKKEI 225 decreasing by 0.34%, ASX 200 by 1.23%, and other markets remaining closed. The currency markets had a mixed day with AUDUSD and NZDUSD showing increases, while USDJPY and USDCNY decreased.

Precious Metals:
Gold and Silver saw modest gains, with Gold increasing by 0.31% and Silver by 0.35%.

Major European stock markets had a negative day, with FTSE 100 decreasing by 0.28%. However, the Europe currency markets saw some positive movements with EURUSD and GBPUSD both showing increases.

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In the US market closings, Dow advanced by 0.23%, S&P 500 declined by 0.34%, Nasdaq declined by 0.33%, and Russell 2000 advanced by 0.32%. In Canada, TSX Composite and TSX 60 both advanced, while Bovespa in Brazil declined.

The oil markets had a negative day with Crude Oil and Brent both decreasing by more than 2.5%. Natural gas, gasoline, and heating oil also experienced losses. Top commodity gainers included Milk, Canola, Oat, and Orange Juice, while Cotton, Wheat, Cocoa, and Gasoline were among the top commodity losers.

In the bond market, various countries showed movements in yields, with Japan, US, Bunds, Greece, Portugal, and others experiencing changes.

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