Today's News Update - 15th Oct 2024 Asia Asia-Pacific markets generally rose on Monday as investors evaluated China's weekend press briefing and anticipated a range of economic data from the region this week. Mainland China's CSI 300 climbed 1.9% to finish at 3,691.3 after a volatile trading session. In contrast, Hong Kong's Hang Seng index fell 0.9% in its last trading hour. Both indexes experienced fluctuations, reflecting mixed investor reactions to China's stimulus announcements. The Hang Seng Mainland Properties Index increased by 2.5%, while the Hang Seng Tech index decreased by 1.7%. Japan's market was closed for a holiday. Australia's S&P/ASX 200 rose 0.47% to close at 8,252.8. US The S&P 500 reached a new record on Monday as investors anticipated whether the upcoming round of key corporate earnings could drive the market even higher. The broad market index increased by 0.8%, while the Nasdaq Composite gained 0.9%. The Dow Jones Industrial Average trailed behind with a 0.5% rise, weighed down by a 2% drop in Caterpillar after a downgrade from Morgan Stanley. Commodity Gold prices declined on Monday as China's broad economic stimulus measures, the largest consumer of bullion, failed to boost investor confidence, while a rally in the U.S. dollar to two-month highs limited upside potential. Spot gold dropped 0.2% to $2,650 per ounce, after reaching its highest level in over a week earlier in the session. U.S. gold futures fell 0.3% to $2,667.50. Meanwhile, U.S. crude oil futures fell more than 2% on Monday after OPEC reduced its demand forecast for 2024 for the third consecutive time. OPEC now projects demand to increase by 1.9 million barrels per day in 2024, down from 2 million bpd in its previous estimate, and expects a rise of 1.6 million bpd in 2025, compared to 1.7 million bpd earlier. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex