Summary of Last Week’s Stock Markets, Oil, Gold, and Forex

— The Dow Jones Industrial Average closed higher, driven by a rebound in bank stocks, which had fallen in the past. The S&P 500 closed lower after a volatile trading session. Investors remain concerned that the Federal Reserve (Fed) will pursue a more aggressive monetary policy to curb inflation.

  • The Dow Jones Industrial Average closed at 34,721.12, up 137.55, or +0.40%.
  • The S&P 500 closed at 4,488.28 points, down 11.93 points, or -0.27%.
  • The NASDAQ closed at 13,711.00, down 186.30, or -1.34%.

— European stock markets closed higher as investors focus on the first round of the French presidential election on Sunday (April 10), but also keep an eye on the situation in Ukraine.

  • The Stoxx Europe 600 Index closed at 460.97, up 5.95, or +1.31%.

— The Thai stock market moved in a narrow range at the beginning of the week. Due to the lack of new supportive factors, the trading volume was low ahead of the midweek holiday.

  • The SET index closed at 1,686.00 points, down 0.90%, while the average daily trading value was 75,586.84 million baht, up 1.56% from the previous week, while the Mai index fell 2.19% to close at 657.42 points.

— WTI crude futures closed higher but slipped for the second week in a row after countries announced plans to release crude from strategic reserves.

  • WTI crude futures were up $2.23, or 2.3%, at $98.26 a barrel, but were still down 1% for the week.
  • BRENT crude futures were up $2.2, or 2.2%, at $102.78 a barrel, but were still down 1.5% for the week.

— New York gold futures closed higher as investors buy gold as a safe haven amid inflation and recession concerns.

  • Gold futures were up $7.8, or 0.4%, at $1,945.6 per ounce, and rose 1.1% this week.
  • Silver futures were up 8.8 cents, or 0.36%, at $24.823 an ounce.
  • The platinum contract was up $17.6, or 1.84%, at $975.6 per ounce.
  • The palladium futures were up $197.00, or 8.9 percent, at $2,420.10 an ounce.

— The U.S. dollar strengthened against major currencies in the currency basket, supported by the prospect of an interest rate hike by the Federal Reserve (Fed) to curb inflation.

  • The dollar index, which measures the dollar’s movement against six major currencies in a basket of currencies, was up 0.05% to 99.7960.
  • The US dollar strengthened against the yen at 124.36 yen from 123.96 yen.
  • The dollar weakened against the Swiss franc to 0.9335 francs from 0.9338 francs.
  • The US dollar was also lower against the Canadian dollar at 1.2567 CAD from 1.2580 CAD.
  • The euro was higher against the dollar at $1.0886 from $1.0881.
  • The pound fell to $1.3038 from $1.3073.
  • The Australian dollar weakened to $0.7462 from $0.7485.
  • The baht closed at 33.59 baht/dollar, compared to 33.46 baht per dollar a week earlier.

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