May 9, 2024 Market Discussion

Stay ahead of the game with the latest market insights from Extreme Investor Network. Our team of experts has gathered key data to keep you informed on the latest trends and developments in the global economy.

ASIA:

 

Asia’s major stock markets saw a mixed day today:

  • NIKKEI 225 decreased 128.39 points or -0.34% to 38,073.98
  • Shanghai increased 25.84 points or 0.83% to 3,154.32
  • Hang Seng increased 223.95 points or 1.22% to 18,537.81
  • ASX 200 decreased 82.90 points or -1.06% to 7,721.60
  • Kospi decreased 32.91 points or -1.20% to 2,712.14
  • SENSEX decreased 1,062.22 points or -1.45% to 72,404.17
  • Nifty50 decreased 345.00 points or -1.55% to 21,957.50

 

Asia’s currency markets also experienced a mixed day:

  • AUDUSD increased 0.003 or 0.46% to 0.66076
  • NZDUSD increased 0.00168 or 0.28% to 0.60207
  • USDJPY increased 0.291 or 0.19% to 155.647
  • USDCNY decreased 0.00314 or -0.04% to 7.22454
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Gold and silver prices rallied during the day:

  • Gold increased 22.87 USD/t oz. or 0.99% to 2,331.68
  • Silver increased 0.768 USD/t. oz. or 2.81% to 28.083

 

EUROPE/EMEA:

Europe’s major stock markets ended the day on a positive note:

  • CAC 40 increased 56.24 points or 0.69% to 8,187.65
  • FTSE 100 increased 27.30 points or 0.33% to 8,381.35
  • DAX 30 increased 188.22 points or 1.02% to 18,686.60

 

Europe’s currency markets saw a mix of gains and losses:

  • EURUSD increased 0.00294 or 0.27% to 1.07758
  • GBPUSD increased 0.00179 or 0.14% to 1.25108
  • USDCHF decreased 0.00093 or -0.10% to 0.90697

 

US/AMERICAS:

 

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US Market Closings:

  • Dow advanced 331.37 points or 0.85% to 39,387.76
  • S&P 500 advanced 26.41 points or 0.51% to 5,214.08
  • Nasdaq advanced 43.51 points or 0.27% to 16,346.26
  • Russell 2000 advanced 18.5 points or 0.9% to 2,073.63

 

Canada Market Closings:

  • TSX Composite advanced 116.67 points or 0.52% to 22,375.83
  • TSX 60 advanced 6.71 points or 0.5% to 1,340.35

 

Brazil Market Closing:

  • Bovespa declined 1,258.22 points or -0.97% to 128,221.67

 

ENERGY:

 

The oil markets had a mixed day:

  • Crude Oil decreased 0.025 USD/BBL or -0.03% to 78.965
  • Brent increased 0.004 USD/BBL or 0.01% to 83.584
  • Natural gas increased 0.0979 USD/MMBtu or 4.48% to 2.2849
  • Gasoline increased 0.0027 USD/GAL or 0.11% to 2.5432
  • Heating oil decreased 0.0067 USD/GAL or -0.27% to 2.4759
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Top commodity gainers included Natural Gas (4.48%), Silver (2.81%), Rice (1.73%), and Wheat (1.32%). The top commodity losers were Cotton (-1.55%), Corn (-3.50%), Cheese (-6.95%), and Cocoa (-2.65%).

 

BONDS:

 

Stay informed about the latest bond market movements, including data on Japan, US, and European bonds.

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