Asia And Europe Markets In Red; Oil Recovers Slightly, Gold Nears $2,700 –

On Tuesday, October 15th, U.S. markets closed lower, with the Nasdaq dropping 1% as chip stocks, including Nvidia and ASML, fell on demand concerns. The energy sector also declined as oil prices slid. Earnings results were mixed, with financials outperforming while healthcare disappointed.

Related: Chipmaker Stocks Sink On ASML Earnings Leak, Oil Eyes Worst 1-Day Drop This Year, Small Caps Rally: What’s Driving Markets Tuesday?

In economic data, the NY Empire State Manufacturing Index dropped to -11.9 in October, down from 11.5 in the prior month, exceeding market expectations of 3.8.

Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses, while real estate and consumer staples finished higher.

The Dow Jones Industrial Average declined 0.75% and closed at 42,740.42. The S&P 500 ended the day lower by 0.76% at 5,815.26, and the Nasdaq Composite fell 1.01%, finishing the session at 18,315.59.     

Asia Markets Today

• On Wednesday, Japan’s Nikkei 225 closed lower by 1.87% at 39,201.50, led by losses in the Communication, Power, and Automobiles and parts sectors.
• Australia’s S&P/ASX 200 declined 0.41% and ended the day at 8,284.70, led by losses in the IT, Utilities and Consumer Staples sectors.
• India’s Nifty 50 was trading lower by 0.31% at 24,980.60, and the Nifty 500 was down 0.26% at 23,669.50.
• China’s Shanghai Composite rose 0.05% to close at 3,202.95, while the Shenzhen CSI 300 declined 0.63%, finishing the day at 3,831.59.
• Hong Kong’s Hang Seng slid 0.16% and closed the session at 20,286.85.

Eurozone at 05.45 AM ET

• The European STOXX 50 index was down 0.66%.
• Germany’s DAX declined 0.53%.
• France’s CAC fell 0.47%.
• U.K.’s FTSE 100 index traded higher by 0.66%.

Commodities at 05.45 AM ET

• Crude Oil WTI was trading higher by 0.06% at $70.63/bbl, and Brent was up 0.04% at $74.28/bbl.
• Oil steadied, supported by OPEC+ cuts and uncertainty over the Middle East conflict, after demand concerns caused a sharp drop. Ongoing supply cuts and conflict risks keep the market tense.
• Natural Gas was down 0.32% at $2.490.
• Gold was trading up 0.68% at $2,696.95, Silver rose 1.04% to $32.100, and Copper gained 1.10% to $4.3855.

US Futures at 05.45 AM ET

Dow futures were down 0.04%, S&P 500 futures gained 0.03%, and Nasdaq 100 Futures rose 0.12%.

Forex at 05.45 AM ET

The U.S. Dollar Index slid 0.01% to 103.25, USD/JPY was up 0.07% at 149.30, and USD/AUD gained 0.21% to 1.4948.

Photo by Pavel Bobrovskiy via Shutterstock