On Thursday, August 10, the U.S. markets closed in green after the release of the recent inflation data. Gains in the Consumer Services, Telecoms, and Technology sectors led stocks higher.
The annual inflation rate in the U.S. rose to 3.2% in July from 3% in June, but lower than the estimates of 3.3%. The monthly inflation rate held steady at 0.2% in July, matching market estimates.
The Dow Jones Industrial Average closed higher by 0.15% at 35,176.15 on Thursday; the S&P 500 was up slightly by 0.03%, closing at 4,468.83; and the Nasdaq Composite rose 0.12%, ending the session at 13,737.99.
Asian Markets Today
Japan’s Nikkei 225 markets were closed in observance of the Mountain Day holiday.
Australia’s S&P/ASX 200 slid 0.24%, ending Friday’s session at 7,340.10, led by losses in the Energy, Resources, and IT sectors.
China’s Shanghai Composite closed the session at 3,189.25, down 2.01%, and Shenzhen CSI 300 slid 2.30% to close at 3,884.25.
The Hang Seng index in Hong Kong fell 0.91%, closing at 19,065.50.
Chinese markets closed in red, impacted by a dovish response to post-CPI events in the U.S. and worries about Chinese real estate developers.
Eurozone at 05:30 AM ET
The Pan-European STOXX 600 index is down 0.72%. The DAX index in Germany traded 0.43% lower, and the CAC 40 in France was down 0.74%.
The U.K.’s FTSE 100 traded lower by 1.01%, British economy unexpectedly expanded in the second quarter, opening the door for additional interest rate increases from the Bank of England.
Commodities at 05:30 AM ET
Crude Oil WTI was trading lower by 0.58% at $82.34/bbl, and Brent was down 0.54% to $85.95/bbl.
Natural Gas was trading higher by 0.94% at $2.789.
Gold was trading up 0.06% at $1,950.05, Silver fell by 0.25% to $22.765, and Copper was down 1.10% to $3.723.
US Futures at 05:30 AM ET
Dow futures were up 0.06%, S&P 500 futures were down 0.02%, and Nasdaq 100 futures slid 0.09%.
Forex at 05:30 AM ET
The U.S. Dollar Index was up 0.03% to 102.55. USD/JPY was down 0.08% to 144.61, while USD/AUD was down 0.14% to 1.5328.
Photo via Wikimedia Commons
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