U.S. Stocks Make A Good Start In August! The Three Indexes Closed Up And The Na Index Set Two New Records!

The U.S. New York stock market got off to a good start in August, and the three major stock indexes closed up on Monday, with the Nasdaq composite index hitting a new intraday and closing record high of nearly 1.5%.

M & A case becomes market focus

Technology stocks were up on Monday, with NASDAQ component Microsoft jumping 5.62% to $216.54, the highest closing price in history. Recently, the negotiation progress of Microsoft's acquisition of the overseas version of tiktok in the United States is undoubtedly the focus of market attention. According to the latest report, U.S. President trump has agreed to give the parent company of tiktok 45 days to negotiate the sale of tiktok to Microsoft. Once the acquisition is successful, Microsoft will get the capital to compete with Facebook, snap and other US social media giants.

Mergers and acquisitions are the main theme of the market on Monday, with Google's parent alphabet investing $450 million to buy about 7% of the security services company Antai. Along with the news, Antai shares soared more than 56%. On the other hand, US manufacturing activity accelerated to its highest level in nearly a year and a half in July, boosting market sentiment, according to the Institute for supply management.

Three major European stock markets all closed higher, euro zone released positive manufacturing data

European stock markets started flat on Monday, and then pulled up on the back of favorable economic data. At the end of the day, London and Paris stock markets were up about 2%, while Frankfurt was up 2.7%. This is because German manufacturing activity expanded for the first time since 2018 in July. Another data showed that manufacturing activity throughout the euro area continued its expansion trend in July, suggesting that the manufacturing industry in the euro area is recovering slowly. On corporate earnings, HSBC Holdings, Europe's largest bank by assets, fell 2.9%, its net profit fell 77% in the first half of the year and warned that bad debt spending this year could exceed previous expectations to $13 billion.

Spot gold set a record high on Monday, and international oil prices rose

In terms of gold, spot gold prices hit a record high of $1984.66 per ounce in the trading session on Monday, followed by the strengthening of the US dollar and investors' profit taking, which led to a decline in spot gold. In addition, gold futures for December delivery were basically flat at $1986.30 an ounce. In terms of international oil prices, thanks to the favorable economic data of the United States, Europe and Asia, the prices of WTI light crude oil futures and Brent crude oil futures in the United States rose by more than 1.4%.