{"id":48278,"date":"2024-11-24T10:00:00","date_gmt":"2024-11-24T04:30:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=48278"},"modified":"2024-11-23T14:59:22","modified_gmt":"2024-11-23T09:29:22","slug":"global-stock-market-index-22nd-november-2024-weekly-recap","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/global-stock-market-index-22nd-november-2024-weekly-recap\/","title":{"rendered":"Global Stock Market Index: 24th November 2024 Weekly Recap"},"content":{"rendered":"
<\/div>\n

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

The global<\/a> stock market<\/a> recovered some of the previous week\u2019s losses despite the uncertainty surrounding incoming President Trump\u2019s administrative policies. Escalating geopolitical tension stemming from Russia-Ukraine added to the uncertainty.\u00a0<\/p>\n\n\n\n

On the other hand, the market is discussing the strength of the US dollar. In the last 30 days, the Dollar Index strengthened by 3.1%. If the momentum continues, it could hurt emerging economies.\u00a0<\/p>\n\n\n\n

Brent Crude continued to trade under downward pressure, hovering around the $70 level. Gold, which was going strong through 2024, now faces some selling pressure and traded flat during the week.\u00a0<\/p>\n\n\n\n

Let’s look at how the major stock market indices performed 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>0.97<\/td>1.96<\/td><\/tr>
S&P 500<\/td>0.35<\/td>1.68<\/td><\/tr>
Nasdaq<\/a><\/td>0.20<\/td>1.77<\/td><\/tr>
European Markets<\/strong><\/td><\/tr>
FTSE 100<\/td>1.37<\/td>1.17<\/td><\/tr>
CAC 40<\/td>0.57<\/td>-1.56<\/td><\/tr>
DAX<\/td>0.91<\/td>-0.26<\/td><\/tr>
Asian Markets<\/strong><\/td><\/tr>
Nifty<\/a> 50 <\/td>2.39<\/td>1.86<\/td><\/tr>
Nikkei 225<\/td>0.67<\/td>-2.69<\/td><\/tr>
Straits Times<\/td>0.18<\/td>1.94<\/td><\/tr>
Hang Seng<\/td>-1.93<\/td>-8.22<\/td><\/tr>
Taiwan Weighted<\/td>1.52<\/td>-2.16<\/td><\/tr>
KOSPI<\/td>0.82<\/td>-2.56<\/td><\/tr>
SET Composite<\/td>0.40<\/td>-1.59<\/td><\/tr>
Jakarta Composite<\/td>0.77<\/td>-0.67<\/td><\/tr>
Shanghai Composite<\/td>-3.16<\/td>-5.86<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

World Stock Market Index US Markets<\/h2>\n\n\n\n

The US market displayed strength during the week, supported by better-than-expected PMI data. Both the manufacturing and services sector PMIs reported were up during the month.\u00a0<\/p>\n\n\n\n

Also, Nvidia’s third-quarter result appeared to satisfy investors, driving optimism in the market. Google parent Alphabet’s share seemed to be under pressure as the Department of Justice proposed breaking up the internet search giant to maintain transparency and fair gameplay.\u00a0<\/p>\n\n\n\n

Let\u2019s check how the top US indices performed during the week.<\/p>\n\n\n\n

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

The rally in Boeing shares supported the Dow Jones 30 stock index, which rose nearly 1% on Friday and posted a total gain of 1.96% week-on-week.\u00a0<\/p>\n\n\n\n

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

Better economic data<\/a> and improved consumer sentiment reports supported the S&P 500 index higher during the week. On Friday, the index was up by 0.35%, and on a weekly basis, it was up by 1.68%.<\/p>\n\n\n\n

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

The Nasdaq was flat on Friday due to selling in Nvidia and Alphabet. At the end of Friday, it was up 0.20%, while the index concluded 1.77% higher on a weekly basis.\u00a0<\/p>\n\n\n\n

World Stock Market Index European Markets<\/h2>\n\n\n\n

Rising hopes of another rate cut by the European Central Bank<\/a> (ECB) in December after multiple economic indicators signaled a deterioration in the economic outlook drove the market higher.\u00a0<\/p>\n\n\n\n

The HCOB Flash Eurozone Composite PMI Output Index fell to a 10-month low of 48.1 in October, as growth in the manufacturing sector contracted and the services sector struggled, indicating a recession-like situation.\u00a0<\/p>\n\n\n\n

Now, let\u2019s look at how different economies performed during the week.\u00a0<\/p>\n\n\n\n

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

The Weaker Pound drove the UK market higher during the week. The decline in the currency is beneficial for the UK economy as most of the large companies are export-driven, and the dollar’s strength could aid revenue growth.\u00a0<\/p>\n\n\n\n

On Friday, FTSE 100 was up by 1.37%, and on a week-on-week basis, it was up by 1.17%.<\/p>\n\n\n\n

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

The Paris stock index, CAC 40, closed higher on Friday by 0.57%, supported by gains in healthcare stocks, consumer goods, and technology. However, the index was down by 1.56% on a weekly basis.<\/p>\n\n\n\n

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

Increasing geopolitical risks and deteriorating economic conditions in Europe resulted in a weak stock market index<\/a> in Germany, Europe\u2019s largest economy. On Friday, the DAX was up by 0.91%, but on a week-on-week basis, it was down by 0.26%.\u00a0<\/p>\n\n\n\n

World Stock Market Index Asian Markets<\/h2>\n\n\n\n

Asian stocks continued to trade volatile during the week, as mixed signals from the global market kept investors looking for signals. Uncertainty around the Chinese economic revival is also adding to the volatility.\u00a0\u00a0<\/p>\n\n\n\n

Now, look at how the major stock market index performed during the week.<\/p>\n\n\n\n

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

Despite the volatility arising from the sell-off in Adani Group stocks, the Indian stock market<\/a> displayed resilience. On Friday, the Nifty 50 closed 2.39% higher, and on a week-on-week basis, it ended 1.86% higher.\u00a0<\/p>\n\n\n\n

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

Gains in gas and water, transportation equipment, and banking stocks led to 0.67% gains in Nikkei 225. However, heightened geopolitical tensions and uncertainty around Trump administration policies dented investors’ risk appetite<\/a>. On a weekly basis, the index was down by 2.69%.\u00a0<\/p>\n\n\n\n

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

Singapore\u2019s primary stock market index, Straits Times, traded positively during the week. During Friday\u2019s session, it was up by 0.18%, and on a week-on-week basis, it closed 1.94% higher.\u00a0<\/p>\n\n\n\n

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

Chinese stocks fell as fears about the impending Trump government policies curbed risk appetites. Officials in Beijing have hinted at additional stimulus measures in the near term, including the possibility of lowering the reserve requirement ratio for domestic banks to boost growth. <\/p>\n\n\n\n

In Hong Kong, the benchmark Hang Seng Index declined 1.93% on Friday; on a week-on-week basis, it fell sharply by 8.22%.\u00a0<\/p>\n\n\n\n

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

Following the global cues, Taiwan\u2019s primary stock market index, the Taiwan Weighted Index, traded positively during Friday\u2019s session. It was up by 1.52% at the end of Friday\u2019s session. On a week-on-week basis, it closed 2.16% higher.\u00a0<\/p>\n\n\n\n

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

Positive trade data lifted South Korean stocks on Friday, closing with 0.82% gains. However, the index closed lower by 2.56% due to higher volatility during the week.\u00a0<\/p>\n\n\n\n

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

Thai stocks traded flat On Friday, with the index rising slightly by 0.40%. And, on a weekly basis, the index lost 1.59%<\/p>\n\n\n\n

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

The Indonesian stock market index, Jakarta Composite, was up 0.77% on Friday, helping it recover some of its losses during the week. It closed 0.67% lower.\u00a0<\/p>\n\n\n\n

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

Heightened uncertainty around the Chinese economy caused the Shanghai Composite to trade lower by 3.16% on Friday. On a week-on-week basis, the index was down by 5.86%.\u00a0<\/p>\n\n\n\n

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

This week, global stock<\/a> markets showed mixed trends. US markets gained strength thanks to good economic data and Nvidia’s positive results. In Europe, weak economic indicators raised fears of a slowdown, while Asian markets remained volatile due to Chinese economic concerns and geopolitical tensions.<\/p>\n\n\n\n

Amid these evolving dynamics, investors should remain cautious as they navigate these global uncertainties and sector-specific challenges.<\/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 a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments<\/a> in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI<\/a>, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global stock market recovered some of the previous week\u2019s losses despite the uncertainty around the incoming president Trump\u2019s administrative policies. Also, escalating geopolitical tension stemming from Russia-Ukraine added to the uncertainty.\u00a0<\/p>\n","protected":false},"author":5,"featured_media":48279,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1563],"tags":[],"class_list":["post-48278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing-global"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/48278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=48278"}],"version-history":[{"count":7,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/48278\/revisions"}],"predecessor-version":[{"id":48291,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/48278\/revisions\/48291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/48279"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=48278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=48278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=48278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}