Asia Ex-China And Europe Markets Dip; Crude Extends Gains While Dollar Softens – Global Markets Today While US Slept

On Wednesday, October 30th, U.S. markets closed in red, weighed down by declines in chip stocks as investors awaited a wave of corporate earnings. Microsoft and Meta reported earnings post-close, both exceeding revenue estimates, while Alphabet gained after surpassing third-quarter revenue and profit expectations earlier in the week.

U.S. economic data showed third-quarter GDP grew at a 2.8% annualized rate, slightly below the forecasted 3.0%. U.S. private payrolls exceeded expectations, adding 233,000 jobs in October.

The Dow Jones Industrial Average dipped 0.22% to close at 42,141.54, the S&P 500 declined 0.33% to 5,813.67, and the Nasdaq Composite fell 0.56% to finish at 18,607.93.

Asia Markets Today

• On Thursday, Japan’s Nikkei 225 closed lower by 0.59% at 39,099.50, led by losses in the Transportation Equipment, Rubber, and Pharmaceutical Industry sectors.
• Australia’s S&P/ASX 200 declined 0.25% and ended the day at 8,160.00, led by losses in the Consumer Staples, Utilities and Materials sectors.
• India’s Nifty 50 traded lower by 0.42% at 24,238.50 and Nifty 500 was down 0.19% at 22,707.45.
• China’s Shanghai Composite rose 0.42% to close at 3,279.82, and the Shenzhen CSI 300 gained 0.04%, finishing the day at 3,891.04.
• Hong Kong’s Hang Seng declined 0.31% and closed the session at 20,317.33.

Eurozone at 06.00 AM ET

• The European STOXX 50 index was down 0.76%.
• Germany’s DAX declined 0.51%.
• France’s CAC fell 0.81%.
• U.K.’s FTSE 100 index traded lower by 0.71%.

Commodities at 06.00 AM ET

• Crude Oil WTI was trading higher by 0.38% at $68.87/bbl, and Brent was up 0.39% at $72.44/bbl.
• Oil prices rose, extending a rally fueled by optimism about U.S. fuel demand following unexpected drops in crude and gasoline inventories.
• Natural Gas fell 1.86% at $2.792.
• Gold was trading lower by 0.53% at $2,786.20, Silver declined 1.27% to $33.645, and Copper rose 0.02% to $4.3515.

U.S. Futures at 06.00 AM ET

Dow futures were down 0.46%, S&P 500 futures fell 0.78%, and Nasdaq 100 Futures declined 1.05%.

Forex at 06.00 AM ET

The U.S. dollar index slid 0.05% to 103.95, the USD/JPY was down 0.68% to 152.36, and the USD/AUD gained 0.07% to 1.5221.

Photo by Pavel Bobrovskiy via Shutterstock