Oil stable, gold higher, US stocks closed lower, IMF cuts global economic forecasts
Oil prices were flat on Tuesday (Oct. 12), fearing higher energy prices could hurt the global economic recovery. Wall Street isดาวน์โหลด SLOTXOclosed. and gold rose for the first time in four days Keep an eye out for the company's earnings reports and key economic data due this week.
West Texas Crude Oil Contract Intermedia or Light Suite futures contracts for November delivery. It was up 12 cents to close at $80.64 a barrel. Brent North Sea London December delivery was down 23 cents to $83.42 a barrel.
Oil prices have been rising steadily in the past few weeks. due to supply shortages in Asia and Europe including the energy crisis in China that is expected to last until the end of the year. It has expressed concern that it will affect the growth of the world's No. 2 economy and major oil importer.
with prolonged supply volatility and inflationary pressures limiting recovery from the global economic pandemic. The International Monetary Fund (IMF) downgrades the outlook for US growth. and other industrial superpowers
US stock markets on Tuesday (Oct. 12) were trading volatilely. Before closing, delete enough Keep an eye on important economic data. and reports on the results of the 3rd quarter of various companies that are due out this week
The Dow fell 117.72 points (0.34 percent) to 34,378.34. The S&P was down 10.54 points (0.24 percent) to 4,350.65. The Nasdaq fell 20.28 (0.14 percent) to 14,465.93.
After trading volatility, Wall Street closed negative for 3 days in a row as investors waited to see various economic data. This includes the consumer price index report on Wednesday (Oct. 13) and quarterly earnings reports for JPMorgan Chase and other major financial institutions.
Analysts fear that companies It will cut its own profit forecasts due to higher labor and supply chain costs.
meanwhile Investors took a look at the latest economic trends of the International Monetary Fund. The company has slashed its forecasts for global economic growth for 2021, warning that failures in global vaccine supply are causing serious disparities.
The International Monetary Fund (IMF) lowered its forecast for global economic growth this year from July. It is forecast to grow 6.0% to 5.9%, while maintaining forecasts for the global economy to grow 4.9% next year.