Today's News Update - 6th Sept 2024 Asia Asia-Pacific markets ended mixed on Thursday following a sell-off in the previous session, with Japan’s Nikkei leading the declines in the region. The Nikkei 225 dropped 1.05% to finish at 36,657.09, and the broad-based Topix decreased by 0.48% to close at 2,620.76, following the release of Japan’s July wage data. Meanwhile, Australia's S&P/ASX 200 gained 0.4% to end at 7,982.4, with July exports rising 0.7% month-on-month and imports falling 0.8% compared to the previous month. US Stocks faced challenges on Thursday as investors sold off riskier assets and anxiety grew about the U.S. economic outlook ahead of Friday’s key labor report. The S&P 500 fell 0.3% to close at 5,503.41, and the Dow Jones Industrial Average dropped 219.22 points, or 0.54%, ending at 40,755.75. Meanwhile, the Nasdaq Composite edged up 0.25% to finish at 17,127.66, having risen as much as 1.2% earlier in the day. Commodity U.S. crude oil retreated slightly on Thursday, closing near $69 per barrel, as OPEC+ postponed plans to increase production following a sharp drop in futures this week. OPEC+ has delayed its planned production boost of 180,000 barrels per day by two months. Meanwhile, gold prices climbed to near one-week highs on the back of a weaker U.S. dollar and lower yields. Expectations of a significant rate cut by the Federal Reserve this month, prompted by signs of a cooling labor market, also supported gold. Spot gold was up 0.9% at $2,515.40 per ounce, having risen as much as 1.1% earlier in the session before slightly retreating after U.S. services sector data. 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