Global Financial Market Overview

Dow Jones slightly sank yesterday (August 2, 2018), while S&P 500 and Nasdaq closed higher from Apple Inc. after reaching a trillion dollar as a company milestone, and U.S. first listed company to ever reach this position.  

Dow Jones Industrial Average closed at 25,326.16, fell 7.66 (-0.03%)

S&P Index closed at 2,827.22, up 13.86 (+0.49%)

Nasdaq Composite closed at 7,802.69, up 90.40 (+1.24%)

 

European stock market fell after the decision of increasing interest rates to 0.75% were approved by Bank of England (BoE), along with the tension rising of U.S. and China trade war.

Stoxx Europe 600 closed at 386.64, fell 0.8%.

Germany’s DAX Performance Index closed at 12,546.33, fell 190.72 (-1.50%)

France’s CAC 40 Index closed at 5,460.98, fell 37.39 (-0.68%)

London’s FTSE 100 closed at 7,575.93, fell 76.98(-1.01%)

 

Asia markets fell on Thursday, following an overnight mixed session in the U.S. as renewed trade concerns offset strong gains in tech.

The Shanghai Composite declined 57.3, or 2.03%, to 2,767.23 and the Shenzhen Composite fell 37.23, or 2.4%, to 1,512.04

Hong Kong’s Hang Seng index declined 626.18 or 2.21%

Japan’s Nikkei 225 fell 234.17 points, or 1.03%, to 22,512.53, while the Topix index declined by 17.67, or 1%, to 1,752.09

Taiwan SE Weighted Index closed at 10,929.77, lower 168.36 or 1.52%

Singapore’s Straits Times Index fell 1.28%, or 42.69, to close at 3,286.32

FTSE Bursa Malaysia Kuala Lumpur Composite Index declined 10.18 or 0.57% to 1778.13

Indonesia Jakarta Composite closed down 21.7 points or 0.36% to stand at 6,011.72

In Philippine, the PSE Composite Index closed at 7,759.55 points, lower 78.67 or 1.00%

 

New York gold future fell yesterday from the decision of Fed to raise interest rates later this year.

COMEX went fell 7.50 USD or 0.61% for December delivery to close at 1,220.10 USD/ounce

Platinum for October increases 11.00 USD or 1.35% to close at 828.20 USD/ounce

Palladium for September fell 3.60 USD or almost 0.4% to close at 915.50 USD/ounce

 

WTI crude surprisingly up the first time in three days. Investors were speculated on oil crude after the price sank to the lowest for the past month. While the oil crude stock at Cushing, Oklahoma decreased greatly, as well as the effect from geopolitics.

West Texas Intermediate (WTI) crude for September delivery increases 1.30 USD or 1.9% to close at 68.96 USD/bbl

Brent crude for October delivery increases 1.06 USD or 1.5% to close at 73.45 USD/bbl

United States Dollars grew stronger when compared to other currencies in New York Foreign Exchange Market from Fed’s FOMC.

USD grew stronger against JPY from 111.57 JPY to trade at 111.70 JPY, also getting stronger against Swiss Franc from 0.9919 SFR to 0.9956 SFR.

Euro was weakened to trade at 1.1584 USD from 1.1664 USD.

Pound was weakened to trade at 1.3016 USD from 1.3127 USD, while AUD also got weaken to close at 0.7361 USD from 0.7399 USD.