On Monday, February 3rd, U.S. markets closed in red, recuperating from steeper losses after President Trump postponed tariffs on Mexico for a month following its contract to release 10,000 National Guard soldiers.
Trump’s wider tariff method, consisting of levies on China and Canada, signals continued market volatility and prospective inflationary results.
In financial news, U.S. building and construction costs increased 0.5% month-over-month in December, reaching an annualized $2,192 billion after a modified 0.2% boost in November. On the other hand, the ISM production PMI enhanced to 50.9 in January, going beyond expectations of 49.8 and up from a modified 49.2 in December.
A lot of S&P 500 sectors fell, led by customer discretionary, tech, and industrials, while energies and customer staples got.
The Dow Jones Industrial Average was down 0.28% and closed at 44,421.91, the S&P 500 closed lower by 0.76% at 5,994.57, and the Nasdaq Composite fell 1.20% to end up at 19,391.96.
Aisa Markets Today
- On Tuesday, Japan’s Nikkei 225 closed greater by 0.61% at 38,776.50, led by gains in the Interaction, Transportation, and Marine Transportation sectors.
- Australia’s S&P/ ASX 200 decreased 0.06% at 8,374.00, led by losses in the A-REITs, Customer Discretionary, and Energy sectors.
- India’s Nifty 50 closed greater by 1.48% at 23,707.70, and Nifty 500 increased 1.41%, closing at 21,704.75, led by gains in the Capital Product, Public Sector Undertakings, and Oil & & Gas sectors.
- China markets were closed for the Chinese New Year vacation.
- Hong Kong’s Hang Seng closed the session greater by 2.83% at 20,789.96.
Eurozone at 05:30 AM ET
- The European STOXX 50 was up 0.10%.
- Germany’s DAX increased 0.10%.
- France’s CAC got 0.20%.
- U.K.’s FTSE index 100 traded lower by 0.16%.
Products at 05:30 AM ET
- Petroleum WTI was trading lower by 1.53% at $72.02/ bbl, and Brent was down 0.87% at $75.28/ bbl.
- China enforced tariffs on U.S. petroleum, LNG, and coal, however the effect is restricted due to modest imports. U.S. LNG deals with obstacles, though long-lasting agreements stay practical.
- Unrefined circulations might move to alternative sources while refiners look for waivers or diversify. U.S. energy exports might reroute to Europe.
- Gas decreased 3.88% to $3.222.
- Gold was trading lower by 0.60% at $2,839.09, Silver was down 0.68% to $32.300, and Copper increased 0.52% to $4.3278.
U.S. Futures at 05:30 AM ET
- Dow futures were down 0.26%, S&P 500 futures decreased 0.23%, and Nasdaq 100 futures moved 0.13%.
- U.S. stock futures fell as Trump’s China tariffs worked, triggering Beijing’s retaliation. Oil rates dropped, Alphabet’s profits drew attention, and OPEC+ promoted production cuts.
Forex at 05:30 AM ET
The U.S. dollar index rose 0.13% to 108.55, the USD/JPY increased 0.37% to 155.32, and the USD/AUD increased 0.26% to 1.6098.
Picture by Pavel Bobrovskiy through Shutterstock
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