Asian Markets In Red, European Mixed, Crude Oil Above $75: Global Markets Today While US Was Sleeping

U.S. markets closed higher Wednesday, driven by encouraging inflation data hinting at a pause in Fed rate hikes and positive forecasts from Target TGT, boosting retail shares.

In economic data, U.S. producer prices fell 0.5% in October, the largest drop since April 2020, contrary to a predicted 0.1% rise. Concurrently, the NY Empire State Manufacturing Index jumped to 9.1 in November, surpassing expectations of -2.8.

In the S&P 500, the energy sector led declines, followed by utilities, while communications services gained significantly.

The Dow Jones Industrial Average increased by 0.47% to 34,991.21, the S&P 500 was up 0.16% to 4,502.88 and the Nasdaq Composite rose 0.07%, ending the session at 14,103.84.

Asian Markets Today

Japan's Nikkei 225 ended Thursday's session lower by 0.35% at 33,424.41, led by losses in the real estate, banking and insurance sectors.

Australia's S&P/ASX 200 declined 0.67%, closing the session at 7,058.40, led by losses in the gold, energy and IT sectors.

China's Shanghai Composite slid 0.71% to close the session at 3,050.93 and the Shenzhen CSI 300 was down 0.97%, closing at 3,572.36.

Hong Kong's Hang Seng Index declined 1.41% and closed at 17,816.50

Asian stocks dropped after new data highlighted ongoing struggles in China's property sector, dampening recent optimism about the country's economic recovery.

Eurozone at 6:15 AM ET

The European STOXX 600 index was down 0.31%, Germany's DAX gained 0.42%, while France's CAC declined 0.32%.

The UK's FTSE 100 traded lower by 0.46%.

Commodities at 6:15 AM ET

Crude oil WTI was trading lower by 0.23% at $76.48/bbl and Brent was down by 0.2% at $81.02/bbl.

Natural gas gained 1.82% to $3.247.

Gold was trading up 0.21% at $1958.35, silver gained 0.93% to $23.758 and copper rose 0.42% to $3.7337.

US Futures at 6:15 AM ET

Dow futures were down 0.01%, S&P 500 futures slid 0.03%, while Nasdaq 100 Futures slipped 0.15%.

Forex at 06:15 AM ET

The U.S. Dollar Index was down 0.01% to 104.39. USD/JPY declined 0.10% to 151.20, and AUD/USD gained 0.23% to 1.5399.

Photo via Pixabay.