MacroAug 2, 2026, 6:50 AM

Weekend Market Update: Equities Edge Higher, Oil Tumbles

Global stock indices posted modest gains over the weekend, while crude oil suffered a sharp decline. The dollar softened slightly against the euro, and precious metals were mixed.

DAXDOWNASDAQFTSEHANGSENGEURUSD

Global equity markets ended the weekend in positive territory, with the Nasdaq leading gains up 0.77% to 28,384. The DAX added 0.62% to 25,797, the Dow rose 0.46% to 52,613, and the FTSE gained 0.36% to 10,895. The Hang Seng was nearly flat, inching up just 0.04% to 25,964.

In currencies, EURUSD edged 0.16% higher to 11548, reflecting a slightly weaker dollar.

Commodity markets diverged sharply. Gold gained 0.57% to 4,066, while silver slipped 0.07% to 5,757. US crude oil plunged 6.19% to 8,020, marking the most significant move of the session.

Source: First Squawk

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