“Indices and Stock Market Conditions, Oil, Gold, and Foreign Money Markets Report for May 1, 2023”

Indices and stock market conditions, oil, gold and foreign money markets as of May 1, 2023.

— The Dow Jones New York Stock Exchange closed on Monday (May 1) amid concerns about a crisis in the US banking sector. After it was reported that JPMorgan Chase & Co. acquired First Republic Bank, which was struggling with liquidity problems. Meanwhile, investors are worried that the Federal Reserve (Fed) will continue to raise interest rates at its meeting this month.

The Dow Jones Industrial Average closed at 34,051.70, down 46.46 points, or -0.14%, the S&P 500 closed at 4,167.87, down 1.61 points, or -0.04%, and the Nasdaq closed at 12,212.60, down 13.99 or -0.11%.

— New York West Texas Intermediate (WTI) crude futures closed lower on Monday (May 1) after reports that China’s manufacturing purchasing managers’ index (PMI) contracted for the month. Apr. Markets were also pressured by concerns that the Federal Reserve (Fed) will continue to raise interest rates at its meeting this month.

The WTI crude oil contract is delivered in June. It was down $1.12, or 1.46%, at $75.66/barrel.

The Brent crude oil contract (BRENT) is delivered in July. It was down $1.02, or 1.27%, at $79.31/barrel.

— New York gold futures closed lower on Monday (May 1), with the market pressured by the strength of the dollar. Including expectations that the Federal Reserve (Fed) will continue to raise interest rates at this month’s meeting.

The COMEX (Commodity Exchange) gold contract is delivered in June. down $ 6.90 or 0.35% to close at $ 1,992.20 / ounce This is the lowest closing level since April 21, 2023.

Silver metal contracts delivered in July. rose 0.40 cents, or 0.02%, to settle at $25.23/ounce.

The platinum contract was delivered in July. down $ 25.40 or 2.33% to close at $ 1,064.70 / ounce

The palladium contract will be delivered in June. down $ 63.10, or 4.2%, to close at $ 1,446.80 / ounce

— The U.S. dollar gained sharply against major currencies in trading on the New York Stock Exchange on Monday (May 1) as the US Institute for Supply Management (ISM) released its April manufacturing index. Sep. better than expected

The dollar index, which measures the greenback against a basket of six major currencies, was up 0.49 percent to 102.1527.

The US dollar edged up to 137.4590 yen on Monday (May 1) from 136.24 yen on Friday (April 28), while the dollar rose to 0.8962 Swiss francs from 0.8938 francs. The Swiss, the US dollar strengthened to 1.3540 Canadian dollars from 1.3537 Canadian dollars. And the US dollar appreciated to 10.3359 Swedish krona from 10.2638 Swedish krona.

The euro weakened to $1.0969 on Monday from $1.1017 on Friday. The pound weakened to $1.2487 from $1.2563 on Friday.

The DJIA New York Stock Exchange index closed at 34,051.70 points, down 46.46 points, -0.14%.

The S&P500 New York Stock Exchange closed at 4,167.87, down 1.61 points, -0.04%.

The NASDAQ New York Stock Exchange closed at 12,212.60 points, down 13.99 points, -0.11%.

French stock markets were closed yesterday (May 1) for Labor Day.

German stock markets were closed yesterday (May 1) for Labor Day.

The London Stock Exchange was closed yesterday (May 1) for Labor Day.

The Australian S&P/ASX 200 Index closed at 7,334.60 points, up 25.40 points, +0.35%.

The Australian stock market ALL ORDINARIES index closed at 7,524.20 points, up 23.20 points, +0.31%.

The Japanese stock market NIKKEI 225 index closed at 29,123.18 points, up 266.74 points, +0.92%.

South Korea’s KOSPI index was closed yesterday (May 1) for Labor Day.

Taiwan stock market TAIEX index was closed yesterday (May 1) due to Labor Day.

The SSE Composite Index, the Chinese stock market, was closed yesterday (May 1) for Labor Day.

The Hong Kong stock market HSI index was closed yesterday (May 1) for Labor Day.

India’s SENSEX index was closed yesterday (May 1) for Labor Day.

Jakarta Composite Index The Indonesian stock market was closed yesterday (May 1) for Labor Day.

The Philippine stock market PSE Composite Index was closed yesterday (May 1) for Labor Day.

FBMKLCI Malaysia stock market index was closed yesterday (May 1) due to Labor Day.

The FTSE STI Singapore stock market was closed yesterday (May 1) due to Labor Day.