{"id":40591,"date":"2024-07-14T11:44:00","date_gmt":"2024-07-14T06:14:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=40591"},"modified":"2025-04-03T18:49:19","modified_gmt":"2025-04-03T13:19:19","slug":"global-stock-market-index-14th-july-2024-weekly-recap","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/global-stock-market-index-14th-july-2024-weekly-recap\/","title":{"rendered":"Global Stock Market Index: 14th July 2024 Weekly Recap"},"content":{"rendered":"
<\/div>\n

<\/p>\n\n\n\n

The global<\/a> market sentiment<\/a> was positive throughout the week, with the top US indices reaching new highs, the European market reversing its downward trend, and Asian indices trading with a positive bias due to the overall improvement in global economic conditions. <\/p>\n\n\n\n

Crude oil prices remained largely stable and closed the week flat, with Brent Crude trading around the $87 mark. However, gold experienced upward pressure and ended the week up 3.64%. <\/p>\n\n\n\n

Let’s look at how the major stock market indices did this week<\/h2>\n\n\n\n
Index<\/strong><\/td>Previous Day Change (%)<\/strong><\/td>WoW Change (%)<\/strong><\/td><\/tr>
US Markets<\/strong><\/td><\/tr>
Dow Jones<\/td>0.62<\/td>1.59<\/td><\/tr>
S&P 500<\/td>0.55<\/td>0.87<\/td><\/tr>
Nasdaq<\/a><\/td>0.63<\/td>0.25<\/td><\/tr>
European Markets<\/strong><\/td><\/tr>
FTSE 100<\/td>0.36<\/td>0.60<\/td><\/tr>
CAC 40<\/td>1.26<\/td>0.63<\/td><\/tr>
DAX<\/td>1.14<\/td>1.48<\/td><\/tr>
Asian Markets<\/strong><\/td><\/tr>
Nifty<\/a> 50 <\/td>0.77<\/td>0.73<\/td><\/tr>
Nikkei 225<\/td>-2.51<\/td>0.68<\/td><\/tr>
Straits Times<\/td>0.65<\/td>2.55<\/td><\/tr>
Hang Seng<\/td>2.52<\/td>2.77<\/td><\/tr>
Taiwan Weighted<\/td>-1.98<\/td>1.53<\/td><\/tr>
KOSPI<\/td>-1.20<\/td>-0.18<\/td><\/tr>
SET Composite<\/td>0.20<\/td>1.53<\/td><\/tr>
Jakarta Composite<\/td>0.37<\/td>1.48<\/td><\/tr>
Shanghai Composite<\/td>0.03<\/td>0.46 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

US Markets<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Several factors supported the US market this week, the most important of which was a slowing of inflation<\/a>. Consumer prices dropped for the first time in four years. In June, headline prices fell by 0.1%, while core prices rose by 0.1%, the slowest pace in three years.<\/p>\n\n\n\n

Let’s see how the world’s most tracked indexes performed. <\/p>\n\n\n\n

Dow Jones<\/h3>\n\n\n\n

A broad rally in the equity markets pushed the Dow Jones to record highs this week, breaking above 40,000 for the first time. The index was up 0.62% on Friday, ending the week up 1.59%.<\/p>\n\n\n\n

S&P 500<\/h3>\n\n\n\n

Traders reacted to the positive CPI numbers, which helped the S&P500 index test new highs on Friday. The index was up by 0.55% and settled above the crucial 5650 level at the close of Friday\u2019s session. On a week-on-week basis, it was up by 0.87%. <\/p>\n\n\n\n

Nasdaq<\/h3>\n\n\n\n

Tech stocks witnessed a volatile session this week due to profit booking, but they managed to close the week on a higher note. On Friday\u2019s session, the Nasdaq was up by 0.63%, concluding the week 0.25% higher.  <\/p>\n\n\n\n

European Markets<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Despite the ongoing political uncertainty in Europe, the markets traded with a positive bias, influenced by the US markets and improving economic indicators in Europe.<\/p>\n\n\n\n

Let\u2019s look at how the top three European indexes performed during the week. <\/p>\n\n\n\n

FTSE 100<\/h3>\n\n\n\n

UK GDP grew by 0.4% in May, after reporting zero growth in April. The uptick was driven by growth in services and construction output. On a rolling three-month basis, the economy grew by 0.9% , the fastest pace since 2022. In Friday\u2019s session, FTSE 100 was up 0.36%, but concluded the week with a cumulative gain of 0.60%. <\/p>\n\n\n\n

CAC 40<\/h3>\n\n\n\n

Positive momentum continued throughout the week, ignoring the country’s political uncertainty. CAC 40, the primary stock exchange<\/a> of France, rose by 1.26% on Friday, and on a week-on-week basis, it closed 0.63% higher.\u00a0<\/p>\n\n\n\n

DAX<\/h3>\n\n\n\n

Overall, strength in the German equity market helped the DAX conclude the week on a higher note. On Friday, the index closed 1.14% higher, and on a week-on-week basis, it was up by 1.48%. <\/p>\n\n\n\n

Asian Markets<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Taking cues from the US and European markets, most Asian indexes traded on a positive note during the week. Domestic factors also influenced the market. Let’s take a closer look at how the various Asian indices performed over the week. <\/p>\n\n\n\n

Nifty 50<\/h3>\n\n\n\n

Profit booking, concerns over valuation, and the start of the corporate earning season kept the market highly volatile but closed the week higher. In Friday’s session, Nifty 50<\/a> was up by 0.77%, which helped the index to close the week on a positive note and was up by 0.73. <\/p>\n\n\n\n

Nikkei 225<\/h3>\n\n\n\n

At the end of the week, Japanese stocks retreated from their record highs reached on Thursday. Nikkei 225 fell by 2.51% on Friday, pulling down the overall weekly gain to 0.68%. <\/p>\n\n\n\n

Straits Times<\/h3>\n\n\n\n

Throughout the week, Singapore’s primary stock market<\/a> index remained bullish. It increased by 0.65% on Friday and nearly 2.55% week on week to end the week positively. <\/p>\n\n\n\n

Hang Seng<\/h3>\n\n\n\n

Strong export data in June and China’s consumer price index rising a lower-than-expected 0.2% from a year earlier, narrowing from May’s 0.3% rise, helped lift the Hang Seng index. The index rose 2.52% on Friday and 2.77% week over week. <\/p>\n\n\n\n

Taiwan Weighted<\/h3>\n\n\n\n

The Taiwan Weighted index had a mixed week. On Friday, it was down by 1.98%, bringing its weekly cumulative gain to 1.53%.<\/p>\n\n\n\n

KOSPI<\/h3>\n\n\n\n

KOSPI fell 1.20% on Friday, breaking a streak of five consecutive weeks of gains. On a weekly basis, the index fell by 0.18 percent.<\/p>\n\n\n\n

SET Composite<\/h3>\n\n\n\n

Thailand’s equity market index, SET Composite, reported a modest gain on Friday\u2019s session and was up by 0.20%. On a week-on-week basis, the index rose by 1.53%.<\/p>\n\n\n\n

Jakarta Composite<\/h3>\n\n\n\n

The Indonesian stock market maintained its upward trend and rose throughout the week, reaching a 0.37% high on Friday. The index increased by 1.48% weekly.<\/p>\n\n\n\n

Shanghai Composite<\/h3>\n\n\n\n

Shanghai Composite failed to capture the positive economic indicators released on Friday. The index traded flat on Friday and gained 0.46% by the end of the week. <\/p>\n\n\n\n

Wrapping Up<\/h2>\n\n\n\n

The encouraging economic indicators from the United States and Europe helped the global stock<\/a> market trade on a high note. Moving forward, the announcement and reporting of corporate earnings are likely to influence market trends. To successfully navigate changing market dynamics, it will be necessary to closely monitor economic and corporate earnings reports, as well as sector-specific performance.<\/p>\n\n\n\n

*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI<\/a>, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

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