Asia And European Market Rise; Dollar Index Stays Below 105 - Global Markets Today While US Slept

Zinger Key Points
  • Crude Oil WTI traded lower by 0.21% at $76.83/bbl, and Brent was down 0.17% at $80.97 bbl.
  • Japan’s Nikkei 225 gained 1.16% ending the session at 38,940.50.
Loading...
Loading...

On Friday, May 31st, the U.S. stock markets closed mixed, with the Dow and S&P 500 ending higher—the Dow posted its most significant daily gain since November 2023, fueled by month-end repositioning.

This activity helped drive significant gains across all major indexes for May.

The economic data showed the Federal Reserve’s preferred inflation measure remained steady at 2.7% year-on-year in April 2024, meeting economist expectations but keeping investors wary of potential rate cuts.

Almost all sectors of the S&P 500 finished in the green, led by a rise in the energy sector, while the technology sector ended slightly down.

The Dow Jones Industrial Average was up 1.51% and closed at 38,686.32. The S&P 500 gained 0.80%, ending the day at 5,277.51, while the Nasdaq Composite fell slightly by 0.01%, finishing the session at 16,735.02.

Asian Markets Today

  • On Monday, Japan’s Nikkei 225 gained 1.16%, ending the session at 38,940.50, led by gains in Gas & Water, Chemical, Petroleum & Plastic, and Finance & Investment.
  • Australia’s S&P/ASX 200 index closed higher by 0.77% at 7,761.00, led by gains in the Financials, A-REITs, and Utilities sectors.
  • India’s Nifty 50 was up 3.42% at 23,302.35, and the Nifty 500 closed higher by 3.42% at 21,825.65.
  • China’s Shanghai Composite was down 0.27%, ending the session at 3,078.49, while the Shenzhen CSI rose 0.25%, closing at 3,588.75.
  • The Caixin manufacturing PMI for May was 51.7, exceeding expectations of 51.6 and up from 51.4 the previous month. This contrasts with the official PMI, which indicated a contraction in China’s manufacturing.
  • Hong Kong’s Hang Seng ended the session higher by 1.79% at 18,403.04.

Eurozone at 06:00 AM ET

  • The European STOXX 50 index was up 0.70%.
  • Germany’s DAX gained 0.87%.
  • France’s CAC rose 0.35%.
  • U.K.’s FTSE 100 traded higher by 0.21%.

Commodities at 06:00 AM ET

  • Crude Oil WTI was trading lower by 0.21% at $76.83/bbl, and Brent was down 0.17% at $80.97 bbl.
  • Natural Gas gained 5.10% to $2.719.
  • Gold was trading higher by 0.05% at $2,347.00; Silver rose 0.01% to $30.440, while Copper was up 0.23% to $4.6128.

US Futures at 06:00 AM ET         

Dow futures were down 0.11%, S&P 500 futures rose 0.11%, and Nasdaq 100 Futures gained 0.36%.

Forex at 06:00 AM ET

The U.S. Dollar Index gained 0.05% to 104.73, USD/JPY was down 0.19% at 157.01, and USD/AUD rose 0.08% to 1.5062.

Photo by Pavel Bobrovskiy via Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: AsiaESGNewsEmerging MarketsEurozoneFuturesCommoditiesForexTop StoriesMarketsBriefsStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...