Asia Markets Mixed, US Futures Plunge On AI Rivalry, Dollar Slides - Global Markets Today While US Slept

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Zinger Key Points

On Friday, January 24, U.S. markets ended lower as investors weighed mixed economic data, earnings reports, and a hotter-than-expected housing market. Anticipation of key inflation data and an upcoming Federal Reserve meeting added caution, while tech stocks, including Nvidia, dragged the market amid lingering concerns over U.S. trade policies.

In economic data, the S&P Global Services PMI dropped to 52.8 in January from 56.8 in December, falling short of the anticipated 56.5. Meanwhile, the S&P Global Manufacturing PMI edged up to 50.1 in January from 49.4 the previous month, exceeding market expectations of 49.7.

Most S&P 500 sectors rose, led by communication services, utilities, and consumer staples, while information technology and energy lagged.

The Dow Jones Industrial Average was down 0.32% and closed at 44,424.25, the S&P 500 closed lower by 0.29% at 6,101.24, and the Nasdaq Composite fell 0.50% to finish at 19,954.30.

Aisa Markets Today

  • On Monday, Japan’s Nikkei 225 closed lower by 0.83% at 39,630.00, led by losses in the Precision Instruments, Automobiles and parts, and Gas and water sectors.
  • Australian markets closed for the Australia Day holiday.
  • India’s Nifty 50 closed lower by 1.19% at 22,818.20, and Nifty 500 fell 1.99%, closing at 20,894.95.
  • China’s Shanghai Composite dropped 0.06% and closed at 3,250.60, and the Shenzhen CSI 300 fell 0.41%, finishing the day at 3,817.08.
  • Hong Kong’s Hang Seng closed the session higher by 0.66% at 20,197.77.

Eurozone at 05:30 AM ET

  • The European STOXX 50 was down 1.49%.
  • Germany’s DAX fell 1.24%.
  • France’s CAC declined 0.90%.
  • U.K.’s FTSE index 100 traded lower by 0.21%.

Commodities at 05:30 AM ET

  • Crude Oil WTI was trading higher by 0.42% at $74.95\7/bbl, and Brent was up 0.35% at $77.83/bbl.
  • Oil prices wavered as the U.S.-Colombia deportation deal eased supply concerns. Market volatility persisted amid U.S. pressure on OPEC to lower prices and sanctions risks on Russia’s energy exports.
  • Natural Gas declined 5.65% to $3.255.
  • Gold was trading lower by 0.21% at $2,800.64, Silver was down 1.07% to $30.852, and Copper slid 1.04% to $4.2765.

U.S. Futures at 05:30 AM ET

  • Dow futures were down 0.93%, S&P 500 futures fell 2.37% and Nasdaq 100 futures declined 4.09%.
  • Nasdaq futures plunged Monday as the popularity of Chinese AI startup DeepSeek’s free assistant pressured U.S. AI-related stocks, including Nvidia and AMD. Global markets remained cautious ahead of the Fed’s rate decision, key inflation data, and major earnings reports from Apple, Microsoft, and Tesla.

Forex at 05:30 AM ET

The U.S. Dollar Index declined 0.26% to 107.16, USD/JPY fell 1.17% to 153.94, and USD/AUD rose 0.06% to 1.5871.

Photo by Pavel Bobrovskiy via Shutterstock

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