Asia Markets Rise, Europe Dips While Dollar Advances - Global Markets Today While US Slept

On Monday, July 8th, U.S. stock markets closed mixed, with the S&P 500 and Nasdaq reaching record highs as investors anticipated upcoming inflation data, Federal Reserve Chair Jerome Powell’s comments, and the start of the earnings season.

Out of the 11 S&P 500 sector indexes, six fell, with communication services leading the decline, while information technology and materials stocks ended the session higher.

Paramount Global fell 5.3% after announcing a merger with Skydance Media. Boeing gained 0.55% after agreeing to plead guilty to a fraud charge and paying a $243.6 million fine related to the 737 MAX crashes.

The Dow Jones Industrial Average was down 0.08% and closed at 39,344.79. The S&P 500 gained 0.10%, ending the day at 5,572.85, and the Nasdaq Composite rose 0.27%, finishing the session at 18,402.34.

Asian Markets Today

• On Tuesday, Japan’s Nikkei 225 gained 1.92%, ending the session at 41,650.50, led by gains in the Mining, Textile, and Communication sectors.
• Japan’s Nikkei index surged driven by gains in semiconductor shares and a weakened yen, which enhances the foreign earnings of Japanese companies.
• Australia’s S&P/ASX 200 closed higher at 0.86%, ending the day at 7,829.70, led by gains in the Telecoms Services, Financials, and Consumer Discretionary sectors.
• India’s Nifty 50 closed higher by 0.42% at 24,421.75, and Nifty 500 gained 0.38% to 23,058.95.
• China’s Shanghai Composite was up 1.26%, ending the session at 2,959.37, and the Shenzhen CSI rose 1.12%, closing at 3,439.81.
• Hong Kong’s Hang Seng ended the session flat at 17,523.23.

Eurozone at 06:15 AM ET

• The European STOXX 50 index declined 0.38%.
• Germany’s DAX slid 0.30%.
• France’s CAC was down 0.58%.
• U.K.’s FTSE 100 traded lower by 0.08%.

Commodities at 06:15 AM ET

• Crude Oil WTI was trading lower by 0.36% at $82.03/bbl, and Brent was down 0.31% at $85.48 bbl.
• Oil prices fell on Tuesday after Hurricane Beryl caused less damage than expected in Texas, easing supply disruption concerns. Refineries saw minimal impact, and critical ports began reopening.
• Natural Gas gained 0.04% to $2.367.
• Gold was trading higher by 0.34% at $2,371.45, Silver gained 1.41% to $31.350, and Copper slid 0.03% to $4.6170.

US Futures at 06:15 AM ET

Dow futures were up 0.13%, S&P 500 futures rose 0.22%, and Nasdaq 100 Futures gained 0.36%.

Forex at 06:15 AM ET

The U.S. dollar index rose 0.05% to 105.05, the USD/JPY rose 0.13% at 161.02, and the USD/AUD fell 0.03% to 1.4839.

Photo by Pavel Bobrovskiy via Shutterstock