Asia And European Markets Slide Post US Inflation Data, Crude Jumps 3% While Gold Surpasses $1,900 - Global Markets Today While US Was Sleeping

On Thursday, October 13, the U.S. stock markets closed in red, affected by rising bond yields following a U.S. Treasury auction and data indicating a higher-than-expected increase in September consumer price.

The benchmark yield surged to 4.728%, reversing the declines observed over the last two days. U.S. inflation for September was 3.7%, slightly above the expected 3.6%. 

Initial jobless claims for the week ended October 7 remained at 209,000, just below the anticipated 210,000.

The Dow Jones Industrial Average declined by 0.51% to 33,631.14, the S&P 500 decreased by 0.62% to 4,349.61, and the Nasdaq Composite slid 0.63% to 13,574.22.

Asia Markets Today

• Japan’s Nikkei 225 closed lower by 0.55% at 32,315.99 on Friday, with the only 15 components higher, and 208 falling and two remaining flat.
• Australia’s S&P/ASX 200 dropped by 0.56% and close at 7,051.00, ending a six-session gain, as strong U.S. inflation data raised concerns of prolonged higher interest rates, impacting financials and gold stocks.
• China’s Shanghai Composite decreased by 0.64% to end the session at 3,088.10, and the Shenzhen CSI 300 fell 1.05%, closing at 3,663.41.
• Hong Kong’s Hang Seng Index fell 2.73% and closed at 17,759.00.
• Investors reacted to China’s unexpected flat consumer price index and a 2.5% fall in the producer price index for September.

Eurozone at 06:00 AM ET

• The European STOXX 600 index was down 0.85%.
• Germany’s DAX declined 0.91%.
• France’s CAC slid 0.84%.
• The U.K.’s FTSE 100 index traded lower by 0.67%.

Commodities at 06:00 AM ET

• Crude Oil WTI was trading higher by 3.90% at $86.16/bbl, and Brent was up 3.76% at $89.32/bbl.
• Natural Gas was down 2.15% to $3.272.
• Gold was trading higher by 0.97% at $1,901.15, Silver rose 1.54% to $22.297, and Copper was up 0.19% to $3.5968.

US Futures at 06:00 AM ET

Dow futures were down 0.13%, S&P 500 futures declined 0.29%, while Nasdaq 100 futures slid by 0.54%.

Forex at 06:00 AM ET

The U.S. Dollar Index was down 0.07% to 106.53. USD/JPY declined 0.11% to 149.63, and AUD/USD gained by 0.01% to 1.5838.