Market Discussion – October 10, 2024

Welcome to Extreme Investor Network, where we provide you with unique insights and analysis in the world of Economics. Today, we bring you a comprehensive overview of the global markets to help you make informed investment decisions.

Let’s dive into the market movements across different regions:

ASIA:
The major Asian stock markets saw a positive trend today:
• NIKKEI 225 increased by 0.26%
• Shanghai rose by 1.32%
• Hang Seng surged by 2.98%
• ASX 200 gained 0.43%
• SENSEX and Nifty50 also experienced slight upticks

In the currency markets, there was a mixed performance with AUDUSD and NZDUSD increasing, while USDJPY and USDCNY saw declines.

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Moving on to Precious Metals, Gold and Silver both saw gains during the day.

EUROPE/EMEA:
In Europe, the stock markets had a negative day, with CAC 40, FTSE 100, and DAX 30 all experiencing declines. The currency markets in Europe also saw a negative trend with EURUSD, GBPUSD, and USDCHF all showing decreases.

US/AMERICAS:
In the US, the markets closed with a downtrend, as Dow, S&P 500, Nasdaq, and Russell 2000 all declined. However, in Canada, TSX Composite and TSX 60 advanced while in Brazil, the Bovespa index saw gains.

ENERGY:
The oil markets had a mixed day, with Crude Oil and Brent seeing increases, while Natural gas experienced a decrease. Gasoline and Heating oil also rose during the day.

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Looking at the top commodity gainers and losers, Gasoline, Cheese, Coffee, and Palladium were among the gainers, while Orange Juice, Canola, Rice, and Corn were the top losers.

BONDS:
In the bond market, there were fluctuations in the yields of various countries like Japan, US, Bunds, Italy, Turkey, Greece, Portugal, Spain, and UK Gilts.

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