June 16, 2024

Global Markets Review: Asian and US Stocks, Oil Prices, Cocoa Shortage, Interest Rates and Online Gaming

2 min read
Mixed trends in Asia as Nikkei Index increases by 0.8%

In the world of finance, a review of trade encompasses a wide range of information. This includes current reports, trends, indices, stock prices, bonds, foreign exchange, and commodities. In Asia, most major indices are trading down except for the Nikkei which rose by about 1%. On Wall Street, futures are trading higher this morning with Nasdaq, Dow Jones, and S&P 500 up 0.3%.

Yesterday on Wall Street saw price increases throughout most of the trading day as it closed lower. Notable market movements included Donald Trump’s social network Truth Social which saw a 50% spike on its first day of trading. Krispy Kreme’s stock jumped by 40% after reaching an agreement with McDonald’s to sell donuts in all its US stores.

Oil prices have risen slightly due to OPEC Plus’s decision to extend cuts in oil exports. However, the acceleration of oil production in the US could offset this according to Bank Leumi’s chief economist. Meanwhile cocoa prices have soared to all-time highs due to production challenges in the Ivory Coast and Ghana leading to a global shortage.

Global interest rate outlook suggests potential cuts later this year with many major central banks indicating possible decreases. Furthermore, the Bank of Israel may lower interest rates in April based on recent developments. Experts predict market reactions to interest rate cuts with expectations for positive stock market performance following such actions.

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