Straits Times Index
3,297.55 -26.98 (-0.81%) Nikkei
38,102.44 -712.12 (-1.83%) Hang Seng
17,936.12 -5.66 (-0.03%) FTSE 100
8,140.27 -6.59 (-0.08%) Bitcoin USD
65,583.21 -899.52 (-1.35%) CMC Crypto 200
1,366.63 -21.53 (-1.55%)
Silver Jul 24 (SI=F)
| Pre. Settlement | N/A |
| Settlement date | 2024-07-29 |
| Open | 29.64 |
| Bid | 29.33 |
| Last price | 29.47 |
| Day's range | 29.09 - 29.65 |
| Volume | |
| Ask | 29.33 |
- Yahoo Finance Video
Stocks open lower ahead of week's Fed meeting, May CPI data
All three of the major market indices (^DJI, ^IXIC, ^GSPC) are flirting below their flatlines at Monday's market opening. The S&P 500 and the Nasdaq Composite open the week above their respective benchmark highs of 5,300 and 17,000. The Morning Brief's Seana Smith and Brian Sozzi watch the morning's market and sector action ahead of Wednesday's Federal Reserve meeting and the latest inflation data, while Jared Blikre monitors market trends tied to events such as Nvidia's (NVDA) 10-for-1 stock split and commodity prices. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
What the commodity rally means for inflation
The commodity sector has been rallying, reaching all-time highs, but what does this mean for the Federal Reserve's fight against inflation? HSBC Chief Multi-Asset Strategist Max Kettner joins Catalysts to discuss his outlook. Kettner says the commodity rally has not "reignited a lot of those inflationary concerns." He notes that rallies such as the one occurring in Gold (GC=F) are coming from central bank buying. He also points out that commodities benefitted from less diversification happening in areas such as bonds coming off the Fed's rate hike cycle, pushing assets like Gold higher as well. On the natural gas front, Kettner says he is not concerned, though he cautions if oil (CL=F, BZ=F) and natural gas (NG=F) prices were to rise simultaneously, it could pose a problem for markets. However, he says current energy prices in the US are still "relatively tame," adding that this indicates "we're nowhere near hitting that 2% inflation target anytime soon." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Metals, oil, and ethereum price: Commodities Check
While commodities extend price rallies in recent weeks, Yahoo Finance Senior Markets Reporter Jared Blikre monitors the action seen in key commodities futures — including precious metals silver (SI=F) and copper (HG=F) and crude oil (CL=F, BZ=F) — as well as cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
