Global Financial Market Overview
A financial overview of global market as of July 31, 2018
1 ส.ค. 2561

Dow Jones rallied (July 31, 2018) after the U.S. and Chinese reportedly seeking a solution to ease the trade war tension together. The highest jump in stock market would be industrial business sections, while traders also paying close attention to the FED’s meeting regarding financial policy, which will be concluded on 1st of August.
Dow Jones Industrial Average closed at 25,415.19, up 108.36 (+0.43%)
S&amp;P Index closed at 2,816.29, up 13.69 (+0.49%)
Nasdaq Composite closed at 7,671.79, up 41.78 (+0.55%)
 
European stock market closed higher after hearing that the U.S. and China is looking for a solution regarding their trade war. A high turnover from listed companies also results in the rise of European stock market.
Stoxx Europe 600 closed at 391.61, up 0.2%.
Germany’s DAX Performance Index closed at 12,805.50, up 7.30 (-0.06%)
France’s CAC 40 Index closed at 5,511.30, up 20.08 (-0.37%)
London’s FTSE 100 closed at 7,748.76, up 47.91 (-0.62%)
 
New York gold future stepped up last night from when traders purchase gold future after a three days straight fall. However, a strong dollar results in a small margin rise of gold future.
COMEX went up 2.1 or 0.17% for December delivery to close at 1,233.60 USD/ounce
Platinum for October added 14.3 USD or 1.72% to close at 845.80 USD/ounce
Palladium for September jumped 9.40 USD or 1% to close at 931.90 USD/ounce
 
WTI crude ended lower last night after a report of higher oil production in July from OPEC, causing traders to worry on oversupply. Traders also awaiting the U.S. weekly petroleum status report.
West Texas Intermediate (WTI) crude for September delivery fell 1.37 USD or almost 2% to close at 68.76 USD/bbl
Brent crude for September delivery fell 72 cent or 1% to close at 74.25 USD/bbl
 
United States Dollars grew stronger when compared to other currencies in New York Foreign Exchange Market before the conclusion of the FED’s meeting. Meanwhile, JPY was weaken after Bank of Japan (BOJ) decided to keep the interest rate low for a period of time.
USD grew stronger against JPY from 110.00 JPY to trade at 111.84 JPY. Also stronger to Swiss Franc from 0.9880 SFR to 0.9900 SFR.
Euro weakened to trade at 1.1697 USD from 1.1709 USD. 
Pound also weaken to trade at 1.3124 USD from 1.3135 USD, while AUD got stronger to close at 0.7435 USD from 0.7408 USD.  
 