Category: Gold News

Asia And Europe Markets Mixed, Gold Makes All-Time Highs

By Published On: March 5, 20241.5 min readViews: 2320 Comments on Asia And Europe Markets Mixed, Gold Makes All-Time Highs

On Monday, March 4th, U.S. markets closed lower, with investors holding back in anticipation of upcoming economic reports and testimony from Fed Chair Jerome Powell before Congress.

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The majority of sectors on the S&P 500 were up; utilities, real estate, and materials led gains, while communication and consumer stocks declined.

Chip stock rally, led by Nvidia NVDA, pushed the S&P 500 to new highs as investors bet on AI demand despite caution before economic data.

The Dow Jones Industrial Average declined 0.25% to close at 38,989.83. The S&P 500 fell 0.12%, ending the day at 5,130.95. Meanwhile, the Nasdaq Composite slid 0.41%, finishing the session at 16,207.51.

Asian Markets Today

  • On Tuesday, Japan’s Nikkei 225 index closed the session higher by 0.45% at 40,087.07, led by gains in the Paper & Pulp, Shipbuilding, and Electrical/Machinery sectors.
  • In Australia, the S&P/ASX 200 was down 0.15% and closed at 7,724.20, led by losses in the Consumer Discretionary, Consumer Staples, and Utilities sectors.
  • India’s Nifty 50 closed lower by 0.22% at 22,356.30, and the Nifty 500 slid 0.24% to 20,382.00.
  • China’s Shanghai Composite gained 0.28% to 3,047.79, while the Shenzhen CSI 300 was up 0.70%, closing at 3,565.51.
  • Hong Kong’s Hang Seng Index slipped 2.80%, concluding the day at 16,131.00.

Eurozone at 06:00 AM ET

  • The European STOXX 600 index was down 0.14%.
  • Germany’s DAX declined 0.05%.
  • France’s CAC gained 0.04%.
  • U.K’s FTSE 100 traded higher by 0.01%.

Commodities at 06:00 AM ET

  • Crude Oil WTI was trading lower by 0.04% at $78.72/bbl, and Brent was up 0.13% at $82.92/bbl.
  • Natural Gas gained 0.42% to $1.924.
  • Gold was trading higher by 0.28% at $2,132.40, Silver gained 0.62% to $24.142, while Copper gained 0.28% to $3.8678.

US Futures at 06:00 AM ET       

Dow futures were down 0.12%, S&P 500 futures slid 0.30%, and Nasdaq 100 Futures declined 0.70%.

Forex at 06:00 AM ET

The U.S. Dollar Index rose 0.04% to 103.88, USD/JPY was down 0.08% to 150.38, and AUD/USD gained 0.23% to 1.5399.

Image by Steve Bidmead from Pixabay

© 2024 Benzinga does not provide investment advice. All rights reserved.

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