Asia Markets Mixed, Europe Slips, Gold Nears $3,400 Again - Global Markets Today While US Slept

On Monday, May 5th, U.S. markets closed lower, ending their winning streaks, as markets reacted to Trump’s tariff on foreign films. Energy stocks lagged, Berkshire Hathaway stumbled after Buffett’s exit news, and Netflix, Amazon, and Paramount saw losses. Investors are now focused on the upcoming Fed decision amid rising inflation concerns and profit risks.

According to economic data, the ISM services PMI climbed to 51.6 in April, up from March’s nine-month low of 50.8, beating market expectations of 50.6.

Most S&P 500 sectors fell, led by energy, consumer discretionary, and tech, while consumer staples edged higher.

The Dow Jones Industrial Average was down 0.24% at 41,218.83, the S&P 500 declined 0.64% to 5,650.38, and the Nasdaq slid 0.74% to 17,844.24.

Related: Hollywood Tariff Push Sparked By Trump-Jon Voight Meeting Where Actor Proposed Levies In ‘Certain Limited Circumstances:’ Report

Asia Markets Today

• Japan’s market closed for the Greenery Day holiday.
• On Tuesday, Australia’s S&P/ASX 200 declined 0.08%, ending the session at 8,151.40, led by losses in the Healthcare, Consumer Staples, and Financials sectors.
• India’s Nifty 50 was down 0.28% at 24,391.85, and Nifty 500 fell 1.03% to 24,391.85.
• China’s Shanghai Composite gained 1.13% to 3,316.11, and Shanghai Shenzhen CSI 300 was up 1.01% to 3,808.54.
• Hong Kong’s Hang Seng closed the session 0.70% higher at 22,662.71.

Eurozone at 05:45 AM ET

• The European STOXX 50 index was down 0.90%.
• Germany’s DAX index declined 1.22%.
• France’s CAC 40 slid 0.70%.
• The U.K.’s FTSE 100 index traded lower by 0.18%.

Commodities at 05:45 AM ET

• Crude Oil WTI was trading higher by 2.89% at $58.78/bbl, and Brent was up 2.86% at $61.95/bbl.
• Oil rebounded after six declines, lifted by bargain hunting, China’s return, and technical factors, despite lingering concerns over rising OPEC+ supply and global demand.
• Natural Gas gained 1.97% to $3.621.
• Gold was trading higher by 2.06% at $3,390.89, Silver was up 2.47% to $33.275, and Copper rose 0.04% to $4.7013.

U.S. Futures at 05:45 AM ET

Dow futures were down 0.70%, S&P 500 futures declined 0.81%, and Nasdaq 100 futures fell 1.12%.

Forex at 05:45 AM ET

• The U.S. Dollar Index fell 0.02% to 99.97, USD/JPY was down 0.26% to 143.31, and USD/AUD gained 0.36% to 1.5515.
• The U.S. dollar slipped as investors grew cautious over Trump’s trade policies and awaited the Fed decision.

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