Asia And Europe Markets Dip, Crude Oil And Gold Trade In Red - Global Market Overview While The Us Slept

On Tuesday, February 27th, U.S. stock markets ended the day with mixed results as investors looked ahead to upcoming economic data for indications of potential Federal Reserve rate cuts against the backdrop of a fading earnings season.

Recent economic reports indicated a 6.1% fall in U.S. durable goods orders in January, following a 0.3% dip in December, alongside a 6.1% annual surge in the S&P CoreLogic Case-Shiller 20-city home price index for December.

Most S&P 500 sectors ended higher, notably utilities and communication services, while energy and healthcare stocks fell.

The Dow Jones Industrial Average declined 0.25%, closing at 38,972.41, the S&P 500 gained 0.17% to reach 5,078.18, while the Nasdaq Composite rose 0.37%, concluding the trading day at 16,035.30.

Asian Markets Today

• On Wednesday, Japan’s Nikkei 225 index closed the session lower by 0.25% at 39,175.50, led by losses in the Steel, Mining, and Marine Transport sectors.
• In Australia, the S&P/ASX 200 was down 0.03% and closed at 7,660.40, led by losses in the Consumer Staples, Telecoms Services and Financials sectors.
• India’s Nifty 50 closed lower by 1.11% at 21,951.15, and the Nifty 500 slipped 1.34% to 20,020.40.
• China’s Shanghai Composite fell 1.91% to 2,957.85, while the Shenzhen CSI 300 was down 1.27%, closing at 3,450.26.
• Hong Kong’s Hang Seng Index slid 1.51%, concluding the day at 16,536.85.

Eurozone at 08:15 AM ET

• The European STOXX 600 index was down 0.03%.
• Germany’s DAX gained 0.24%.
• France’s CAC declined 0.04%.
• U.K’s FTSE 100 traded lower by 0.71%.

Commodities at 06:15 AM ET

• Crude Oil WTI was trading lower by 0.27% at $78.66/bbl, and Brent was down 0.87% at $81.94/bbl.
• Natural Gas fell 0.33% to $1.802.
• Gold was trading lower by 0.16% at $2,040.80, Silver slipped 1.09% to $22.508, while Copper was down 0.64% to $3.8258.

US Futures at 08:15 AM ET       

Dow futures were down 0.29%, S&P 500 futures slid 0.38%, and Nasdaq 100 Futures declined 0.53%.

Forex at 08:15 AM ET

The U.S. Dollar Index gained 0.28% to 104.12, USD/JPY was up 0.12% to 150.68, and AUD/USD rose 0.73% to 1.5393.

Photo by Markus Spiske on Pexels