Global Market News and Analysis 12th April 2024

On 12th April 2024, global financial markets displayed a mix of trends and developments across different segments.

Stock Market: In the United States, the Dow Jones and S&P 500 saw modest gains, while the NASDAQ composite index experienced notable increases driven by technology stocks.

In Europe, the FTSE 100 showed mixed performance, the DAX declined slightly, and the CAC 40 saw slight gains.

In Asia, the Nikkei 225 surged, the Shanghai Composite decreased marginally, and the Hang Seng rose moderately.

Commodities: Oil prices surged due to geopolitical tensions, with both Brent Crude and WTI Crude recording gains.

Gold prices experienced a slight decline amidst a strengthening US dollar and easing inflation concerns.

Agricultural commodities like corn saw modest increases, while soybeans declined marginally.

Currency Markets: The US dollar strengthened against major currencies, while the euro and Japanese yen exhibited mixed performance.

Cryptocurrencies: Bitcoin and Ethereum surged to new highs, driven by institutional adoption and developments in decentralized finance.

On 12th April 2024, global financial markets exhibited a mixed picture, influenced by geopolitical tensions and inflation concerns, highlighting the significance of monitoring economic indicators for investors.

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By Dev

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