Publish dateMonday 20 May 2024 - 16:46
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Reuters reported that Asian shares in global metal markets reached their highest levels in the last two years.
photo: social media
photo: social media
According to Amac News: According to Reuters, after the publication of reports about new instability in the Middle East, the price of Brent oil reached the highest level in the last week, which is 84.25 dollars per barrel.
Gold rose more than 1% and reached 2449 dollars and 89 cents. Copper rose 7 percent to 88,940 yuan a ton in Shanghai and settled at $11,104.50 in London.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, Japan's Nikkei rose 0.7 percent to a five-week high and global shares were within striking distance of last week's highs.
The S&P 500, the FTSE and Europe were up 0.1 percent.
The two-year U.S. Treasury yield ended last week down four basis points at 4.825 percent and was flat in Asian trade. The ten-year yield of the United States decreased by 8.4 points to 4.42% last week.
The 10-year yield rose 2.5 basis points to 0.975 percent, the highest since 2013, although a widening gap against U.S. yields kept the favored yen little changed.
In currency markets, the dollar posted its biggest weekly loss against the euro in two-and-a-half months last week, but was flat in Asian morning trade on Monday.
The euro strengthened to US$1.0880 on Monday. The yen was steady at 155.70 per dollar.
The Australian dollar rose 1.4% last week to trade at US$0.6697 on Monday and the New Zealand dollar traded at US$0.6127. The Bank of New Zealand will set interest rates on Wednesday and is expected to keep its key cash rate at 5.5%.
Elsewhere in commodities, unrest in New Caledonia pushed up prices for its major exports, nickel and silver as gold prices rose above US$30.
 
https://amacnews.com/vdcgrx934ak9w.j5a.html
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