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Asia Closes in Red, Europe Trades Lower Along with Commodities - Global Markets Today While US Was Sleeping

Published 05/09/2023, 11:56
Updated 05/09/2023, 13:10
© Reuters.  Asia Closes in Red, Europe Trades Lower Along with Commodities - Global Markets Today While US Was Sleeping
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Benzinga - by Akanksha Bakshi, Benzinga Editor.

On Friday, September 1, the U.S. markets ended mixed after the latest jobs report data release.

In August, the U.S. economy added 187,000 jobs, slightly beating the revised July figure of 157,000 and exceeding the expected 170,000. However, unemployment rose from 3.5% in July to 3.8% in August.

Most S&P 500 sectors ended in green on Friday, with energy and materials stocks leading the gains.

The Dow Jones Industrial Average concluded with a 0.33% gain, settling at 34,837.71, while the S&P 500 experienced a 0.18% increase, concluding the day at 4,515.77. In contrast, the Nasdaq Composite recorded a 0.02% decline, ending its session at 14,031.82.

Asian Markets Today

  • Japan's Nikkei 225 closed Tuesday's session higher by 0.27% at 32,989.50. Official data released on Tuesday revealed that household spending in July declined by 5.0% compared to the same month the previous year.
  • Australia's S&P/ASX 200 was down 0.06%, ending at 7,314.30. The central bank kept rates at 4.10% and expects inflation to reach the 2% to 3% target range by late 2025, based on recent data.
  • China's Shanghai Composite closed the session at 3,154.37, down 0.71%, and Shenzhen CSI 300 declined 0.74% to close at 3,820.32.
  • Hang Seng Stock Exchange in Hong Kong fell 2.28% to close at 18,422.00.
  • The Caixin/S&P Global services purchasing managers' index declined to 51.8 in August from 54.1 in July.
Eurozone at 06.00 AM ET

  • The European STOXX 600 index declined by 0.22%.
  • Germany's DAX index was down 0.29% on last check.
  • France's CAC 40 index fell by 0.46%.
  • HCOB Eurozone Composite Purchasing Managers Index For August dropped to 46.7 Vs. 47 Est.; 48.6 Prior. Eurozone Services Purchasing Managers Index For August fell to 47.9 Vs. 48.3 Est.; 50.9 Prior
  • The U.K.'s FTSE 100 traded higher by 0.03%. U.K. Services Purchasing Managers Index For August 49.5 Vs. 48.7 Est.; 51.5 prior.
Commodities at 06.00 AM ET

  • Crude Oil WTI was trading lower by 0.41% at $85.20/bbl, and Brent was down 0.74% to $88.33/bbl.
  • Natural Gas was down 4.88% to $2.63, reflecting on the news of Chevron Corp (NYSE: CVX) LNG workers in Australia plan to go on a two-week strike.
  • Gold was trading lower by 0.57% at $1,955.95, Silver was down 02.90% to $23.852, and Copper fell 0.87% to $3.8185.
US Futures at 06.00 AM ET

Dow futures declined 0.08%, S&P 500 futures were down 0.19%, and Nasdaq 100 futures were lower 0.31%.

Forex at 06.00 AM ET

The U.S. Dollar Index was up 0.35% to 104.65. USD/JPY rose 0.50% to 147.91, while USD/AUD gained 1.43% to 1.5694.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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