Global markets exhibited mixed trends today, reflecting the diverse economic conditions across different regions. As of this morning, the US, European, and Asian markets displayed varying degrees of volatility. Here’s a detailed breakdown of the market performance.
US Markets Overview
On September 5, 2024, the US markets opened with slight declines across major indices. The Dow Jones Futures showed a minor dip, falling by 47.38 points or 0.12%, settling at 40,927.59. Despite this drop, the index remains in a very bullish phase, with the previous day’s high recorded at 41,172.59. The lowest point for the day was 40,840.89, showcasing a tight trading range.
Similarly, the S&P 500 Futures also witnessed a decline of 8.86 points, or 0.16%, closing at 5,520.07. The index fluctuated between a high of 5,552.99 and a low of 5,504.05. Despite the decline, market sentiment remains bullish as the index sustains above critical levels.
The Nasdaq, on the other hand, dropped by 52.00 points, marking a 0.30% decrease to close at 17,084.30. The index hit a high of 17,232.65 and a low of 16,984.67 during the day, reflecting a neutral market outlook.
European Markets Update
European markets displayed a similar trend with mixed performances across major indices. The FTSE index in the UK declined by 28.86 points or 0.35%, ending the day at 8,269.60. The index had a high of 8,298.46 and a low of 8,219.26, indicating a bullish sentiment despite the drop.
France’s CAC index faced a sharper decline, dropping by 74.13 points, which is 0.99%, to close at 7,500.97. This downturn is driven by bearish market conditions as the index fluctuated between a high of 7,530.83 and a low of 7,482.40.
Germany’s DAX index also saw a decrease of 155.26 points, or 0.84%, settling at 18,591.85. Despite the drop, the market sentiment remains bullish, with the index maintaining a higher ground between a high of 18,654.20 and a low of 18,531.98.
Asian Markets Performance
Asian markets showed a mix of bullish and bearish trends. The GIFT Nifty, which represents the Indian markets, rose by 66.50 points or 0.26%, closing at 25,333.00. This upward trend reflects a positive market outlook, with the index touching a high of 25,380.00.
In contrast, Japan’s Nikkei 225 declined by 310.53 points, marking a 0.84% drop, and closed at 36,737.08. The index saw a low of 36,359.23 and a high of 37,099.96, indicating a bearish trend in the Japanese market.
The Straits Times index in Singapore, however, gained 7.13 points, up by 0.21%, closing at 3,448.51. The index remained bullish, trading within a narrow range of 3,465.08 to 3,448.13.
The Hang Seng index in Hong Kong witnessed a decline of 59.82 points, or 0.34%, closing at 17,397.52. Despite the drop, the market sentiment remains bullish, with the index hitting a high of 17,555.61.
Commodities and Currencies Overview
The commodities market also displayed slight changes. Brent Crude futures traded marginally higher, with a gain of 0.08 points, or 0.12%, settling at $72.80 per barrel. The commodity remained under pressure with a very bearish outlook as it stayed within the range of $73.14 to $72.77.
Gold futures showed a minor increase of 0.33 points, or 0.01%, closing at $2,496.09 per ounce. Gold maintained a very bullish sentiment, reflecting investor interest in the precious metal as a safe haven.
In the currency markets, the Dollar Index gained 0.0800 points, or 0.07%, closing at 101.3400. The index traded between a high of 101.3400 and a low of 101.2400, indicating a stable US dollar against other major currencies.