Market Overview August 4: Historic Dow Jones Record (53,178), Amazon Above $3 Trillion, and Brent Recovers to $84.9
Global markets maintain a positive outlook after a strong session on Wall Street. The main event of the day was the Dow Jones index reaching a historic high, supported by signs of de-escalation in the conflict between the US
Global markets maintain a positive outlook after a strong session on Wall Street. The main event of the day was the Dow Jones index reaching a historic high, supported by signs of de-escalation in the conflict between the US and Iran, a decline in US bond yields, and the continued growth of the largest tech companies. Investors remain focused on corporate earnings, the situation in the oil market, and expectations for further actions from global central banks.
Dow Jones Record and Amazon Above $3 Trillion: Wall Street Shows Rally
US and Corporations: Dow Jones reached a historic high (53,178 points), S&P 500 settled at 7,600, and Nasdaq soared by 2.13%. Amazon's market capitalization surpassed $3 trillion for the first time in history. Investors are awaiting earnings reports from AMD, Merck, Pfizer, and McDonald's.
Europe and Asia: European indices (STOXX 600, DAX, FTSE 100) are rising amid falling inflation, despite a drop in Lufthansa shares (-9%). In Asia, Kospi fell by 1%, while the Australian ASX 200 reached new highs.
Oil Recovers to $84.9, Gold Stable at $4,050
Energy Resources: After a sharp decline, oil prices are partially recovering: Brent is trading around $84.9 per barrel, WTI at about $81.2. Iran's statements about uncertainty in diplomatic agreements with the US are holding back further price declines.
Precious Metals: Gold is fluctuating in a narrow range of $4,050–4,060 per troy ounce, maintaining its safe-haven status amid geopolitical tensions.
Dollar Weakens and 10-Year Treasury Yield Declines (4.68%)
Currencies: The dollar maintains a soft dynamic. The EUR/USD pair is fixed at 1.1510. The Japanese yen continues to strengthen on expectations of renewed joint currency interventions by Tokyo and Washington.
Bonds: The yield on 10-year US Treasury bonds has fallen to 4.68%, signaling a slowdown in market inflation concerns.
Bitcoin Holds Above $63,000 Amid Increased Risk Appetite
Bitcoin is trading near $63,700, gradually recovering after news of security issues with hardware wallets. The rise in global risk appetite in the stock markets helps keep the price above $63,000.
Key Events of the Day (August 4):
| Status / Region | Event |
|---|---|
| US (Corporations) | Publication of reports from AMD, Merck, Pfizer, McDonald's |
| Geopolitics | Developments regarding the Strait of Hormuz and US-Iran negotiations |
| Macroeconomics | Reassessment of the trajectory of the US Fed rate based on the latest macro data |
| Commodity Market | Dynamics of oil prices amid news from the Middle East |
Summary: Global markets maintain an upward momentum. The historic high of the Dow Jones, the growth of the American tech sector, and the decrease in geopolitical tensions support demand for risk assets. Meanwhile, investors continue to closely monitor corporate earnings, the situation in the Middle East, and expectations regarding the future policies of major central banks.