Weekly Markets Snapshot: Mixed Bag with Some Modest Gains

London: 3 May 2024 (TraderMade): Welcome to the weekly market snapshot! This article takes you through various financial markets, including G10 Forex, stock indices, and commodities markets, including energy and metals. Let's take a look at how markets moved throughout the last week, diving deeper into various sectors:

Key Takeaways

• In G10 Forex, JPY & ZAR lead the pack, while CAD & GBP are top laggers this week against the dollar.
• Asian markets surged: Nikkei was up 0.74%, while Hang Seng soared 7.11% this week.
• European indices dipped: The FTSE lost about 8%, the CAC dipped 1.19%, and the DAX was flat after experiencing significant volatility throughout the week.
• US indices made modest gains this week: SPX500 surged 0.74%, Nasdaq surged 1.21%, and Dow Jones surged 1.77%. Mega tech earnings ruled the week and kept the US markets optimistic.
• In the Energy space, Crude Oil lost ground as Brent plummeted 4.21%, and WTI Crude dipped 6.27%. Yet, Natural Gas surged 5.68% over the last week.
• Among Precious Metals, Gold dipped by 2%, and Silver slipped by about 4% over the last week.

G10 Forex

The Japanese Yen gained about 3.72%, and South African Rand (ZAR) surged 1.95% against the dollar to be the top gainers this week.

On the contrary, the British Pound Sterling (GBP gained 0.79%) and Canadian Dollar (CAD gained 0.25%) against the greenback were the top laggers for the week.

Asian Markets Soared

Japan's Nikkei (JPN225) surged 0.74%, while Hong Kong's Hang Seng (HKG33) gained 7.11% over the last week.

European Markets Dipped

The UK's FTSE (UK100) plummeted by about 8% this week, France's CAC (FRA40) dipped 1.19%, while Germany's DAX (GER30) showed volatility, yet ended almost flat.

US Markets Edged Up

In the US, Standard & Poor's 500 (SPX500) soared 0.74%, Nasdaq (NAS100) surged 1.21%, and Dow Jones (USA30) followed suit to gain 1.77% this week.

Energy Markets Mixed

Brent Crude (UKOIL) plummeted 4.21%, WTI Crude (OIL) slipped 6.27%, while Natural Gas (NATGAS) surged 5.68% over the last week.

Precious Metals Dipped

Gold (XAUUSD) dipped by about 2%, and Silver (XAGUSD) plummeted by about 3.94% over the last week.

The Bottom Line

We have been summarizing the ups and downs of various financial markets by Friday in our Weekly Market Snapshots. This weekly update helps you get a glimpse of how various markets have moved over the last week. Stay with us as we present the latest updates as the world of forex, stocks, indices, energy, and metals markets unfolds.

_{Image by Starline on freepik}

_{Percentage changes have been calculated considering last Friday's closes.}