Today's News Update - 31st July 2024 Asia Asia-Pacific markets declined across the region on Tuesday as the Bank of Japan began its two-day monetary policy meeting. Japan’s Nikkei 225 made a late recovery, rising 0.15% to 38,525.95, while the broader Topix index fell 0.19% to close at 2,754.45. Japan’s unemployment rate for July was slightly better than expected at 2.5%, compared to the forecast of 2.6%. Australia’s S&P/ASX 200 fell 0.46% to finish at 7,953.2. The Hong Kong Hang Seng Index dropped 1.43% during its final trading hour, and mainland China’s CSI 300 declined 0.63% to 3,369.38, marking new six-month lows. US In the U.S. overnight, the three major indexes ended with mixed results. The S&P 500 edged up slightly as Wall Street prepared for a busy week of corporate earnings and anticipated an important policy announcement from the U.S. central bank. The S&P 500 increased by 0.08%, and the Nasdaq Composite rose by 0.07%. However, the Dow Jones Industrial Average declined by 0.12%. Commodity On Tuesday, U.S. crude oil futures dropped to their lowest levels since early June, with concerns about China’s economy outweighing the impact of escalating tensions in the Middle East. Gold prices rose approximately 1% on Tuesday, as investors remained hopeful that the U.S. Federal Reserve might signal a potential interest rate cut in September following its policy meeting this week. Spot gold increased by 0.8% to $2,403.47 per ounce as of 1747 GMT, while U.S. gold futures settled 1% higher at $2,451.90. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex