Summary of international market conditions as of 27 May 2023

2023-05-02 02:04:46

The Dow Jones New York Stock Exchange closed lower on Monday (May 1, ’23). Amid concerns regarding the crisis in the US banking sector. After it was reported that JPMorgan Chase & Co. acquired First Republic Bank, which was struggling with liquidity problems. Meanwhile, investors are worried that the Federal Reserve (Fed) will continue to raise interest rates at its meeting this month.

The Dow Jones Industrial Average closed at 34,051.70, down 46.46 points, or -0.14%, the S&P 500 closed at 4,167.87, down 1.61 points, or -0.04%, and the Nasdaq closed at 12,212.60, down 13.99 or -0.11%.

West Texas Crude Oil (WTI) Contract The New York market closed lower on Monday (May 1, 2023). After it was reported that the Purchasing Managers’ Index (PMI) in China’s manufacturing sector contracted in April. Markets were also pressured by concerns that the Federal Reserve (Fed) will continue to raise interest rates at its meeting this month.

The WTI crude oil contract is delivered in June. It was down $1.12, or 1.46%, at $75.66/barrel.

The Brent crude oil contract (BRENT) is delivered in July. It was down $1.02, or 1.27%, at $79.31/barrel.

New York gold futures closed on Monday (May 1, 2023). The market was pressured by the appreciation of the dollar. Including expectations that the Federal Reserve (Fed) will continue to raise interest rates at this month’s meeting.

The COMEX (Commodity Exchange) gold contract is delivered in June. down $ 6.90 or 0.35% to close at $ 1,992.20 / ounce This is the lowest closing level since April 21, 2023.

Silver metal contracts delivered in July. rose 0.40 cents, or 0.02%, to settle at $25.23/ounce.

The platinum contract was delivered in July. down $ 25.40 or 2.33% to close at $ 1,064.70 / ounce

The palladium contract will be delivered in June. down $ 63.10, or 4.2%, to close at $ 1,446.80 / ounce

The U.S. dollar gained sharply once morest major currencies in trading on the New York Stock Exchange on Monday (May 1) as the US Institute for Supply Management (ISM) released its April manufacturing index. .better than expected

The dollar index, which measures the greenback once morest a basket of six major currencies, was up 0.49 percent to 102.1527.

The US dollar strengthened to 137.4590 yen on Monday (May 1, 2023). From 136.24 yen on Friday (Apr 28, 2023), the US dollar appreciated to 0.8962 Swiss francs from 0.8938 Swiss francs, the US dollar appreciated to 1.3540 Canadian dollars from 1.3537. canadian dollar And the US dollar appreciated to 10.3359 Swedish krona from 10.2638 Swedish krona.

The euro weakened to $1.0969 on Monday from $1.1017 on Friday. The pound weakened to $1.2487 from $1.2563 on Friday.

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