US indices end mixed ahead of inflation data

12/08/2024 Argaam Exclusive

The US stock indices showed mixed performance, on Aug. 12, as investors await US inflation data this week, which could help markets build expectations about the extent of interest rate cuts at the Federal Reserve's meeting in September.

International Market

Dow Jones Industrial Average shed 140 points, or 0.35%, closing at 39,357 points, after hitting 39,587 points.

 

S&P 500 index remained flat at 5,344 points, while Nasdaq index added 35 points, or 0.2%, to 16,780 points.

 

Elsewhere, the STOXX Europe 600 stabilized at 499 points.

 

Germany’s DAX 40 stayed at 17,726 points, the French CAC index fell by 0.25% to 7,250 points, while the British FTSE rose by 0.5% to 8,210 points.

 

Japan stock markets were closed in celebration of Mountain Day and will resume trading on Aug. 13.

In the oil market, Brent crude futures for October delivery gained 3.30%, or $2.64, to $82.30 a barrel.

 

Meanwhile, WTI crude for September delivery rose 4.2%, or $3.33, to $80.06 a barrel.

 

The prices of gold futures for December delivery inched up by 1.25%, or $30.6, to $2,504 per ounce, to hit a new all-time high.

Commodities

Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
109.03
7.87
7.82 %
Nymex
111.54
11.42
11.54 %
Natural Gas
2.80
(0.02)
(0.68 %)
Gold
4,672.12
(4.21)
(0.09 %)
Silver
72.81
0.01
0.01 %
High Grade Copper
5.58
(0.06)
(1.12 %)
Iron Ore
107.45
(0.06)
(0.06 %)
Aluminum
3,401.00
(42.25)
(1.23 %)
LEAD
1,934.50
(3.50)
(0.18 %)
Zinc
3,253.50
(30.00)
(0.91 %)
Steel
1,051.00
2.00
0.19 %
Wheat (CBOT)
598.25
0.60
0.10 %
Corn (CBOT)
452.25
(2.00)
(0.44 %)
Coffee (ICEUS)
295.40
(2.40)
(0.80 %)
Whole Milk Powder
3,987.50
112.50
2.82 %
Skim Milk Powder
3,200.00
187.50
5.86 %
Refining margins
21.71
9.36
75.79 %
VLCC "Spot"
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LPG (mt) ($)
-
-
-
Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
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