Global Markets Slump: Turkey, Colombia, Morocco and Indonesia Hit Hard; Wall Street Mixed, Oil and Gold Prices Rise

October 2, 2024
Global Markets Slump: Turkey, Colombia, Morocco and Indonesia Hit Hard; Wall Street Mixed, Oil and Gold Prices Rise
  • Turkey's stock market experienced a downturn on Wednesday, with significant losses across various sectors.

  • Similarly, Colombia's stock market closed lower on Friday, marking a decline of 0.81%.

  • Morocco's equities also fell on Monday, with several sectors contributing to the decline in share prices.

  • In currency markets, the USD/TRY exchange rate rose by 0.17% to 34.22, while the EUR/TRY fell by 0.59% to 37.85.

  • The USD/TRY exchange rate showed slight increases throughout the week, reflecting fluctuations in the Turkish lira.

  • In the U.S., the mixed performance on Wall Street coincided with the release of consumer price inflation data, which indicated a 0.1% increase in August.

  • The Dow Jones Industrial Average reached a record high, closing up 137.89 points or 0.33% at 42,313.00, while the NASDAQ fell by 70.70 points.

  • In commodities, crude oil for November delivery rose by 0.16% to $68.29 per barrel, while December Brent oil increased by 0.11% to $71.96.

  • Additionally, the December Gold Futures contract climbed by 0.91% to $2,683.55 a troy ounce.

  • Market volatility is on the rise, as indicated by a 10.37% increase in the DAX options implied volatility index.

  • Notably, Modern Internasional Tbk experienced a dramatic drop of 99.88% to 8.00 points, marking one of the worst performances in recent trading.

  • The Indonesia stock market has faced declines in two of the last three trading days, following a brief winning streak.

Summary based on 36 sources


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