Asia Markets And Europe Mixed, Gold Near All Time High - Global Markets Today While US Slept

On Monday, February 10, U.S. markets closed higher, driven by gains in Nvidia and other AI-related stocks. Steelmakers rallied after President Trump announced new tariffs on steel and aluminum imports. U.S. metals producers saw substantial gains, with companies like Nucor, U.S. Steel, and Steel Dynamics rising sharply. Investors remain optimistic as corporate earnings surpass expectations, signaling stronger growth than initially projected for the year ahead.

Regarding economic data, U.S. consumer inflation expectations for the upcoming year remained unchanged at 3% in January for the third consecutive month.

Most S&P 500 sectors rose Monday, with energy, tech, and utilities leading the way, while financial and utilities stocks declined.

The Dow Jones Industrial Average was up 0.38% and closed at 44,470.41, the S&P 500 closed higher by 0.67% at 6,066.44, and the Nasdaq Composite rose 0.98% to finish at 19,714.27.

Aisa Markets Today

• Japan markets closed for the National Day holiday.
• On Tuesday, Australia’s S&P/ASX 200 rose 0.01% to 8,484.00, led by gains in the Gold, Industrials and IT sectors.
• India’s Nifty 50 closed lower by 1.33% at 23,070.50, and Nifty 500 slid 2.01%, closing at 20,942.50, led by losses in the Real Estate, Capital Goods and Auto sectors.
• China’s Shanghai Composite fell 0.12% and closed at 3,318.06; Shanghai Shenzhen CSI 300 was down 0.46% at 3,883.14.
• Hong Kong’s Hang Seng closed the session higher by 1.06% at 21,294.86.

Eurozone at 05:30 AM ET

• The European STOXX 50 was up 0.09%.
• Germany’s DAX declined 0.01%.
• France’s CAC gained 0.07%.
• U.K.’s FTSE index 100 traded lower by 0.01%

Commodities at 05:30 AM ET

• Crude Oil WTI was trading higher by 1.34% at $73.30/bbl, and Brent was up 1.38% at $76.92/bbl.
• Crude oil prices rose amid supply concerns from Russian and Iranian sanctions, despite fears that Trump’s tariffs and potential trade wars could slow global growth.
• Natural Gas gained 1.77% to $3.505.
• Gold was trading lower by 0.05% at $2,933.01, Silver was down 0.83% to $32.220, and Copper slid 1.87% to $4.6190.
• Gold surged to record highs as Trump’s 25% steel and aluminum tariffs fueled trade conflict and inflation concerns. Investors sought safe-haven assets while Chinese steel stocks fell and global exporters weighed responses.

U.S. Futures at 05:30 AM ET

Dow futures were down 0.20%, S&P 500 futures declined 0.31%, and Nasdaq 100 futures fell 0.43%.

Forex at 05:30 AM ET

The U.S. Dollar Index declined 0.04% to 108.29, USD/JPY was up 0.07% to 152.12, and USD/AUD fell 0.01% to 1.5933.

Image via Shutterstock