Asia Mixed, European Markets Fall, While Gold Heads Toward All Time High - Global Markets Today While US Slept

On Monday, July 15th, U.S. stock markets closed higher, continuing Friday’s rally, as hopes for a second Trump presidency and a looser regulatory environment rose after a failed assassination attempt. Although all three major U.S. stock indexes closed significantly below their intraday peaks, the Dow Jones Industrial Average achieved a record closing high.

According to the economic data, the NY Empire State Manufacturing Index fell to -6.6 in July, below the expected -6.

Energy shares had the largest gain among the 11 S&P 500 sectors, while utilities lagged.

The Dow Jones Industrial Average was up 0.53% and closed at 40,211.72. The S&P 500 gained 0.28%, ending the day at 5,631.22, and the Nasdaq Composite rose 0.42%, finishing the session at 18,475.86.

Asian Markets Today

• On Tuesday, Japan’s Nikkei 225 closed higher by 0.22%, ending the session at 41,282.50, led by gains in the Real Estate, Transportation Equipment, and Fishery sectors.
• Australia’s S&P/ASX 200 declined 0.23%, ending the day at 7,999.30, led by losses in the Metals & Mining, Materials, and Information Technology sectors.
• India’s Nifty 50 closed higher by 0.07% at 24,602.70, and Nifty 500 slid 0.04% to 23,200.35.
• China’s Shanghai Composite was up 0.08%, ending the session at 2,976.30, and the Shenzhen CSI rose 0.63%, closing at 3,498.28.
• Hong Kong’s Hang Seng ended the session lower by 1.60% at 18,015.94.

Eurozone at 06:00 AM ET

• The European STOXX 50 index declined 0.58%.
• Germany’s DAX fell 0.47%.
• France’s CAC was down 0.69%.
• U.K.’s FTSE 100 traded lower by 0.17%.

Commodities at 06:00 AM ET

• Crude Oil WTI was trading lower by 0.79% at $80.20/bbl, and Brent was down 0.73% at $84.23 bbl.
• Oil prices dipped on Tuesday amid concerns over slowing Chinese demand despite expectations of U.S. Fed rate cuts. China’s Q2 growth missed forecasts, raising doubts about its oil demand.
• Natural Gas gained 0.46% to $2.168.
• Gold was trading higher by 0.76% at $2,447.40, Silver rose 0.76% to $31.133, and Copper slid 0.27% to $4.5145.

US Futures at 06:00 AM ET

Dow futures were up 0.07%, S&P 500 futures rose 0.04%, and Nasdaq 100 Futures rose 0.06%.

Forex at 06:00 AM ET

The U.S. dollar index gained 0.07% to 104.26, the USD/JPY rose 0.24% to 158.39, and the USD/AUD rose 0.18% to 1.4820.

Global shares dipped as investors reacted to Trump’s victory trades and a stronger dollar, weakening the yen. Fed Chair Powell’s inflation comments boosted hopes for a rate cut while focus remained on Trump’s attempted assassination and his VP nomination of J.D. Vance.

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