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Global Market Pulse: Your Daily Dose of Stock Market Trends, Oil Prices, and Gold Rates

September 24, 2024 Catherine Williams - Chief Editor Business

Global Market Summary: September 23, 2024

Get the latest updates on stock market Jitta Ranking, Vietnam still holds the top spot, growing 68%”>stock market indices, oil prices, gold rates, ⁢and foreign⁤ exchange markets from around‌ the world.

US Stock Market

The Dow Jones New York Stock‌ Exchange ⁣Index closed⁢ positive for the​ third consecutive day on ​Monday, ⁢September 23, with⁣ the Dow Jones and ​the S&P‍ 500 both closing at record highs.

  • Dow ‍Jones ⁢Industrial Average: 42,124.65 points, up 61.29 points or +0.15%
  • S&P 500 Index: 5,718.57 points, up 16.02 points or +0.28%
  • Nasdaq Index: 17,974.27 ‌points,⁢ up 25.95 points or +0.14%

European Stock⁣ Market

European stock markets‍ closed higher ‍on⁤ Monday, September 23, as data on weak business activity ⁣in the euro zone supported the likelihood that the‍ European Central Bank (ECB) would cut interest ‌rates further this year.

  • STOXX 600⁢ Index: 516.32 points, up 2.06 points or +0.40%
  • CAC-40 Index: 7,508.08 ‌points,‌ up‌ 7.82 points or‌ +0.10%
  • DAX Index: ⁣18,846.79⁣ points, up 126.78 points or +0.68%
  • FTSE 100 Index: 8,259.71 points,⁣ up 29.72 points or +0.36%

Commodity Markets

West Texas‍ Intermediate (WTI) ⁣crude oil contracts in⁣ New York closed in‍ the negative ‌on Monday, September 23, as investors worried that the economic slowdown in the Eurozone and China could⁣ have an impact on oil demand.

  • WTI Crude Oil: $70.37/barrel, down 63 cents ​or⁣ -0.89%
  • Brent Crude Oil: ‌$73.9/barrel, down 59⁤ cents‍ or -0.79%

New⁣ York ‍market gold⁣ futures ⁣ended positive for ‍the 4th straight day on Monday, September 23, with the market receiving support from‌ the US‌ Federal Reserve (Fed)‌ interest rate cut as well as the volatile situation in the Middle East.

  • COMEX Gold: $2,652.50/oz, up $6.30 or +0.24%
  • Money ‌Agreement: $31.085/oz, down 42 cents or -1.33%
  • Platinum: $973.10/ounce, down $18.90 or -1.91%
  • Palladium: $1,045.10/ounce,‍ down $33 or -3.06%

Foreign Exchange Market

The euro is weakening against the dollar in trading on the​ New York Forex Exchange on⁣ Monday,‍ September 23, after‌ reports that the euro‍ zone’s manufacturing sector contracted.

  • Dollar Index: 100.851, up ‍0.13%

Asian Stock Market

Asian stock markets closed mixed on Monday, September 23, ​with some markets‌ rising and others falling.

  • Australian S&P/ASX 200: 8,152.90 points, down 56.60 points or -0.69%
  • Australian⁣ ALL ORDINARIES: 8,384.20 points, down 53.00 points or -0.63%
  • South Korean KOSPI: 2,602.01⁤ points, up 8.64 points⁤ or +0.33%
  • Taiwan TAIEX: 22,285.53 points, up ⁤126.11 points or +0.57%
  • Chinese SSE Composite:‍ 2,748.92 ‌points, up 12.10 points or +0.44%
  • Hong Kong HSI: 18,247.11 points, down 11.46 points ​or -0.06%
  • Indian SENSEX:‍ 84,928.61 points, up 384.30 points or +0.45%
  • Indonesian Jakarta Composite: 7,775.73 points, up 32.73 points or +0.42%
  • Philippine PSE Composite: ​7,417.25 ​points, up 164.93 points or +2.27%
  • Malaysian FMKLCI: 1,665.30 points, down 3.52 points or -0.21%
  • Singapore FTSE STI: 3,638.54⁤ points, up 13.78 points or +0.38%

By Kanlayanee Chewapich/Rattana Phongtawich

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