Asia Markets Slide, Europe Advances, While Crude Oil Falls Below $80 Again - Global Markets Today While US Slept

Zinger Key Points
  • Crude Oil WTI traded lower by 0.38% at $78.93/bbl, and Brent was down 0.42% at $83.08 bbl.
  • The U.S. Dollar Index declined 0.16% to 104947, USD/JPY was down 0.39% at 157.00.

On Wednesday, May 29th, U.S. stock markets closed in red as the U.S. stocks Wednesday amid rising Treasury yields and uncertainty over Federal Reserve interest rate cuts. The Dow fell over 1%, hitting a nearly one-month low.

According to the economic data, the Dallas Fed’s business activity index for Texas’ service sector fell to -12.1 in May from -10.6 in April.

All S&P 500 sectors ended lower, with rate-sensitive utilities experiencing some of the steepest declines.

The Dow Jones Industrial Average was down 1.06% and closed at 38,441.54. The S&P 500 declined 0.74%, ending the day at 5,266.95, and the Nasdaq Composite fell 0.58%, finishing the session at 16,920.58.

Asian Markets Today

  • On Thursday, Japan’s Nikkei 225 declined 1.32%, ending the session at 38,012.50, led by losses in the Marine Transport, Manufacturing, and Fishery sectors.
  • Australia’s S&P/ASX 200 index closed lower by 0.49% at 7,628.20, led by losses in the Gold, Metals & Mining and Resources sectors.
  • India’s Nifty 50 was down 0.95% at 22,488.65, and the Nifty 500 closed lower by 1.02% at 21,038.55.
  • China’s Shanghai Composite was down 0.62%, ending the session at 3,091.68, and the Shenzhen CSI slid 0.53%, closing at 3,594.31.
  • China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell after a 20% rally due to profit-taking, U.S.-China trade concerns, and uncertainty about Beijing’s stimulus measures.
  • Hong Kong’s Hang Seng ended the session lower by 1.34% at 18,230.19.

Eurozone at 06:00 AM ET

  • The European STOXX 50 index was up 0.05%.
  • Germany’s DAX declined 0.03%.
  • France’s CAC rose 0.19%.
  • U.K.’s FTSE 100 traded higher by 0.27%.

Commodities at 06:00 AM ET

  • Crude Oil WTI was trading lower by 0.38% at $78.93/bbl, and Brent was down 0.42% at $83.08 bbl.
  • Natural Gas declined 0.86% to $2.643.
  • Gold was trading lower by 0.44% at $2,353.50; Silver fell 2.43% to $31.587, while Copper was down 2.34% to $4.6787.

US Futures at 06:00 AM ET         

Dow futures were down 0.85%, S&P 500 futures fell 0.44%, and Nasdaq 100 Futures slid 0.42%.

Forex at 06:00 AM ET

The U.S. Dollar Index declined 0.16% to 104.47, USD/JPY was down 0.39% at 157.00, and USD/AUD slid 0.04% to 1.5123.

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