• Asia And Europe Markets Cool Off, Dollar Strengthens To 4-month High - Global Markets Today While US Slept

    ソース: Buzz FX / 12 11 2024 05:55:24   America/Chicago


    On Monday, November 11th, U.S. markets closed higher, driven by stocks poised to benefit from Trump’s potential fiscal policies. Tesla surged, reaching a $1.1 trillion valuation, while crypto stocks rallied as Bitcoin hit a record $87,000. Traders are watching inflation data and potential Fed rate cuts closely.





    Stocks approach year-end on strong gains, with the S&P 500 up 26% YTD, boosted by AI optimism and Fed rate cuts. Traders await U.S. inflation data and Fed speakers, including Chair Powell, for insights on economic health and rate outlook.





    Most S&P 500 sectors rose, led by consumer discretionary, financials, and industrials, while tech and real estate stocks declined.





    The Dow Jones Industrial Average was up 0.69% and closed at 44,293.13, the S&P 500 rose 0.10% to 6,001.35, and the Nasdaq Composite gained 0.06% to finish at 19,298.76.





    Asia Markets Today






    • On Tuesday, Japan’s Nikkei 225 declined 0.48% and ended the session at 39,350.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.




    • Australia’s S&P/ASX 200 fell 0.13% and ended the day at 8,255.60, led by losses in the Gold, Energy and Resources sectors.




    • India’s Nifty 50 traded lower by 1.23% at 23,845.10, and Nifty 500 was down 1.33% at 22,290.05, led by losses in the Power, Public Sector Undertakings, and Capital Goods sectors.




    • China’s Shanghai Composite fell 1.39% to close at 3,421.97, and the Shenzhen CSI 300 slid 1.10%, finishing the day at 4,085.74.




    • Hong Kong’s Hang Seng slipped 2.84% and closed the session at 19,846.88.





    Eurozone at 06:00 AM ET






    • The European STOXX 50 index was down 0.88%.




    • Germany’s DAX declined 0.82%.




    • France’s CAC fell 1.16%.




    • U.K.’s FTSE 100 index traded lower by 0.95%.





    Commodities at 06:00 AM ET






    • Crude Oil WTI was trading higher by 0.91% at $68.65/bbl, and Brent was up 0.84% at $72.44/bbl.




    • Natural Gas declined 0.38% to $2.909.




    • Gold was trading lower by 0.60% at $2,602.00, Silver fell 0.63% to $30.422, and Copper slipped 1.87% to $4.1493





    US Futures at 06:00 AM ET





    Dow futures decreased 0.05%, S&P 500 futures were down 0.16%, and Nasdaq 100 futures fell 0.15%.





    Forex at 06:00 AM ET






    • The U.S. dollar index increased by 0.25% to 105.81, the USD/JPY rose by 0.16% to 153.95, and the USD/AUD rose by 0.47% to 1.5282.




    • The U.S. dollar hit a four-month high as investors bet on Trump’s pro-crypto and tariff-heavy agenda, lifting Bitcoin to a new peak.





    Image via Shutterstock


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