This week,"OPEC +" continued to increase crude oil supply to the market. The market was worried about a global crude oil supply surplus and international oil prices fell sharply.
International oil prices dropped significantly this week US oil cumulative dropped more than 3%
In terms of commodities, the Israeli-Hamas ceasefire agreement in Gaza came into effect, and the conflict in Pakistan was eased, the “geo-risk premium” declined, and the international oil price continued the trend of falling the day before. Combined with the sudden worsening international trade tensions on Friday, investors feared that high tariffs could eventually drag the economy and market demand, and international oil prices fell sharply on Friday, as of the closing, the price of light crude futures delivered on the New York Commodity Exchange in November fell by 4.24%; the London Brent futures prices delivered in December fell by 3.82%. This week, “OPEC+” continued to increase crude oil supply to the market, and the market worried about global crude supply oversupply, international oil prices fell sharply, with
On the 10th, the three major US stock indexes collectively fell, the Nasdaq fell more than 3%
On Friday, U.S. President Donald Trump threatened to raise tariffs significantly, causing investors to worry about worsening international trade tensions. Additionally, the U.S. federal government shutdown has entered its tenth day, some agencies have begun to cut jobs, and the two-party negotiations in the U.S. Congress have not seen significant progress, under pressure from several factors, market distress emotions have warmed rapidly, and the three major U.S. stock indices have collapsed, where the index fell by 1.90%; the Pepsi 500 index fell by 2.71%; the index fell by 3.56%, the index recorded the biggest drop since April 10.
This week, due to the continued "shutdown" of the U.S. government, the release of many U.S. economic data was suspended, and market transactions were cautious. The three major U.S. stock indexes fell collectively, with the Dow falling 2.73%, the S & P 500 index falling 2.43%, and the Nasdaq index falling 2.53%.
U.S. consumer confidence continues to be sluggish, market concerns about employment and inflation continue
Data released by the University of Michigan on Friday showed that the initial value of the U.S. consumer confidence index in October fell to 55 from 55.1 in September, hitting a five-month low. Data show that U.S. consumers expect inflation to be 4.6% in the coming year, slightly lower than the previous month's estimate of 4.7%, but still at a high level. Long-term inflation expectations are stable at 3.7%, unchanged from September. According to the analysis, high prices and weak employment prospects are still the focus of American consumers' attention.
Three major European stocks all down.
On the European market side, European stock markets fell on Friday due to concerns about U.S. government tariff policies, with the UK’s Wealth 100 index falling 0.86 percent, the French CAC40 falling 1.53 percent, and the German DAX falling 1.50 percent.
International gold prices rose on the 10th. International gold prices rose by more than 2% this week
In terms of precious metals, trade tensions caused by tariffs have warmed investors, and international gold prices rose on Friday, once again breaking the $4,000 per ounce threshold. As of the closing, the New York Commodity Exchange gold price in December was $4,000.40 per ounce, up 0.70%. From the horizon, geopolitical risks, strong demand from central banks, U.S. interest rate reduction expectations and global economic uncertainty contributed to the international gold price rise, and the New York Commodity Exchange gold main force contract price increased by 2.34%.
Source: CCTV Finance