On 18th April 2024, global markets saw significant movements and trends, summarized as follows:
In the United States, all major indices surged, with the Dow Jones, S&P 500, and Nasdaq Composite posting gains driven by positive earnings reports.
European markets had mixed performances, with the FTSE 100 up, Germany’s DAX down, and France’s CAC 40 remaining flat amid geopolitical uncertainties.
Asian markets varied, with Japan’s Nikkei 225 and China’s Shanghai Composite up, while Hong Kong’s Hang Seng index retreated.
Oil prices rose due to supply disruptions, with Brent crude reaching $78 per barrel and WTI climbing to $75 per barrel.
Precious metals showed mixed results, with gold prices down but silver prices up due to industrial demand and supply constraints.
Foreign Exchange: The euro strengthened against the dollar, the yen saw marginal gains, and the pound faced downward pressure amidst Brexit-related concerns.
Overall, the global market landscape on April 18th showcased a blend of positive and cautious sentiment across regions and asset classes, emphasizing the importance of comprehensive analysis and adaptability in navigating dynamic market conditions.
