TRADERS´ Briefing - Nr. 0638 - 22.10.2024

Latest market news and analysis for October 22, 2024

Global markets

Global markets were mixed on Tuesday, with some Asian markets rising and some European markets falling. The Dow Jones Industrial Average was up 0.5%, the S&P 500 was up 0.3%, and the Nasdaq Composite was up 0.1%. The FTSE 100 was down 0.2%, the DAX was down 0.3%, and the CAC 40 was down 0.4%

The mixed performance of global markets is likely due to a number of factors, including the ongoing trade war between the United States and China, the upcoming US presidential election, and the uncertainty surrounding Brexit.

Commodities

Oil prices were up on Tuesday, with Brent crude rising 1.2% to $63.50 per barrel and WTI crude rising 1.1% to $58.00 per barrel. The rise in oil prices is likely due to concerns about supply disruptions in the Middle East.

Gold prices were also up on Tuesday, with spot gold rising 0.5% to $1,505.00 per ounce. The rise in gold prices is likely due to safe-haven demand amid the uncertainty surrounding global markets.

Currencies

The US dollar was mixed on Tuesday, with the euro rising 0.2% to $1.1150 and the yen falling 0.1% to 109.50 yen per dollar. The mixed performance of the US dollar is likely due to the uncertainty surrounding global markets.

The British pound was down 0.3% to $1.2850 on Tuesday. The fall in the pound is likely due to the uncertainty surrounding Brexit.

Upcoming events

The following are some key events scheduled for the coming week:

• Wednesday, October 23: US Federal Reserve interest rate decision
• Thursday, October 24: European Central Bank interest rate decision
• Friday, October 25: US non-farm payrolls report

These events could have a significant impact on global markets, so it is important to be aware of them.