Asia Up, Europe Markets Slip; Oil Prices Pressured While Gold Strengthens - Global Markets Today While US Slept

On Monday, November 18, U.S. markets ended mixed, partially recovering losses as investors awaited Nvidia’s highly anticipated Q3 earnings, seen as a key gauge of AI-driven market momentum.

Tesla shares climbed on optimism over potential policy shifts under the incoming Trump administration. While analysts note a widening focus beyond Nvidia, its influence on market sentiment remains significant. In economic data, the NAHB/Wells Fargo Housing Market Index rose to 46 in November, marking its highest level in seven months, up from 43 in October.



S&P 500 sectors rose Monday, led by energy, communication services, and consumer discretionary stocks, while industrials declined. The Dow Jones Industrial Average was down 0.13% and closed at 43,389.

60, the S&P 500 gained 0.39% to 5,893.62, and the Nasdaq Composite rose 0.

60% to finish at 18,791.81. Asia Markets Today On Tuesday, Japan’s Nikkei 225 gained 0.

45% and ended the session at 38,405.00, led by gains in the Paper & Pulp, Steel, and Warehousing sectors. Australia’s S&P/ASX 200 rose 0.

89% and ended the day at 8,374.00, led by gains in the Gold, IT, and Telecoms Services sectors. India’s Nifty 50 closed 0.

07% higher at 23,470.45, and Nifty 500 up 0.23% at 21,950.

85, led by gains in the Auto, Real Estate and Consumer Durables sectors. China’s Shanghai Composite gained 0.67% to close at 3,346.

01, and the Shenzhen CSI 300 rose 0.67%, finishing the day at 3,976.89.

Hong Kong’s Hang Seng gained 0.44% and closed the session at 19,663.67.

Eurozone at 05:30 AM ET The European STOXX 50 index was down 1.47%. Germany’s DAX slid 1.

07%. France’s CAC fell 1.32.

FTSE 100 index traded lower by 0.50% Commodities at 05:30 AM ET Crude Oil WTI was trading lower by 0.88% at $68.

56/bbl, and Brent was down 0.75% at $72.75/bbl.

Oil prices dipped as Norway’s Johan Sverdrup oilfield resumed production, offsetting geopolitical tensions and Kazakhstan’s output cut. A stronger U.S.

dollar also pressured prices while investors monitored escalating Russia-Ukraine tensions and weakening market structure signals. Natural Gas rose 0.30% to $2.

982. Gold was trading higher by 0.94% at $2,639.

20, Silver gained 0.92% to $31.508, and Copper fell 0.

45% to $4.1015. U.

S. Futures at 05:30 AM ET Dow futures declined 0.53%, S&P 500 futures were down 0.

38% and Nasdaq 100 futures fell 0.27%. Forex at 05:30 AM ET The U.

S. dollar index gained 0.14% to 106.

42, the USD/JPY was down 0.66% to 153.63, and the USD/AUD rose 0.

17% to 1.5391. Photo by Pavel Bobrovskiy via Shutterstock © 2024 Benzinga.

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

.