Asia Mostly Higher, Europe Dips, Crude Oil Trades Above $73 - Global Markets Overview While US Slept

On Tuesday, February 6th, U.S. stock markets ended higher, influenced by mixed earnings from major U.S. companies and comments from Federal Reserve officials suggesting an impending interest rate cut.

Speaking to the House Financial Services Committee on Tuesday, Treasury Secretary Janet Yellen highlighted concerns about the commercial real estate sector and the risks of digital assets like stablecoins and crypto volatility.

Also Read: New York Community Bancorp Plummets To 26-Year Lows On Commercial Real Estate Fears

Most sectors of the S&P 500 saw gains on Tuesday, with materials, health care, and real estate leading the advance, whereas information technology and communication services stocks declined.

The Dow Jones Industrial Average gained 0.37% and closed at 38,521.36, the S&P 500 rose 0.23% to 4,954.23, while the Nasdaq Composite was up 0.07%, ending the session at 15,609.00.

Asian Markets Today

• On Wednesday, Japan’s Nikkei 225 index closed the session lower by 0.08% at 36,119.92, led by losses in the Warehousing, Trading and Transport sectors.
• Australia, the S&P/ASX 200 was up 0.45% and closed at 7,615.80, led by gains in the Utilities, Metals & Mining and Materials sectors.
• India’s Nifty 50 closed slightly higher by 0.01% at 21,930.50, and the Nifty 500 rose 0.38% to 20,109.55. 
• China’s Shanghai Composite climbed 1.44% to 2,829.70, and the Shenzhen CSI 300 gained 0.96%, closing at 3,343.63.
• Hong Kong’s Hang Seng Index slid 0.48%, concluding the day at 16,059.00.

Eurozone at 06:45 AM ET

• The European STOXX 600 index was down 0.08%.
• Germany’s DAX declined 0.17%.
• France’s CAC slid 0.09%.
• U.K’s FTSE 100 traded lower by 0.36%.

Commodities at 06:45 AM ET

• Crude Oil WTI was trading higher by 0.65% at $73.79/bbl, and Brent was up 0.52% at $79.00/bbl.
• Natural Gas gained 0.075 to $2.010.
• Gold was trading lower by 0.06% at $2,050.25, Silver declined 0.58% to $22.348, while Copper slipped 0.30% to $3.7695.

US Futures at 06:45 AM ET       

Dow futures were up 0.01%, S&P 500 futures gained 0.17%, while Nasdaq 100 Futures gained 0.28%.

Forex at 06:45 AM ET

The U.S. Dollar Index was down 0.11% to 104.10, USD/JPY gained 0.07% to 148.705, and AUD/USD slid 0.02% to 1.5329.

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