Class Taken: Equity and Commodity Market Update for 2024

Topics : Equity Market, Inflation, Employment Statistics, Federal Reserve Decisions, Interest Rates

subject: Finances, Economy, Macroeconomics, Microeconomics

Presentation Title:

Date Recorded: 08/01/2024

Materials Links
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Communication Method :

Description : Equity Market: Performance: The equity markets, particularly in the United States, have been performing strongly. Indices like the Dow Jones and S&P 500 closed 2023 near or at all-time highs. Influencing Factors: Key elements influencing the market include inflation, employment statistics, and Federal Reserve decisions, especially regarding interest rates. The market sentiment is largely positive, supported by expectations of potential rate cuts. Outlook: The outlook for 2024 hinges on various economic indicators and the Federal Reserve's policy decisions. Commodity Market: Crude Oil: The global crude oil market is currently facing an oversupply situation. NYMEX WTI crude prices ended 2023 down around 5% from the previous year, indicating a supply overhang that is expected to continue into early 2024. Coal: The U.S. export and domestic thermal coal markets are facing challenges due to mild global demand. Export thermal coal prices are likely to be lower in 2024 amid this mild demand. The domestic market is also uncertain, with natural gas prices playing a role in coal consumption. General Trends: Commodity markets are being influenced by global economic conditions, geopolitical factors, and specific industry dynamics. These updates provide a snapshot of the current state of equity and commodity markets, highlighting the various factors and trends that are shaping their performance as of early 2024. Keep in mind that these markets are dynamic and subject to change based on new economic data, policy decisions, and global events.

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