GLOBAL MARKETS 31/01 TUESDAY
Asia markets fell on Tuesday, with Japanese shares dropping sharply, tracking declines on Wall Street overnight on jitters over a new immigration measure taken by the Trump administration.Japan's benchmark Nikkei 225 dipped 1.69% to finish at 19,041.34 as a stronger yen helped send shares lower. Australia's ASX 200 dropped 0.72%to 5,620.90. South Korea's Kospi lost 0.77% to 2,067.57. Strait Times Index in Singapore fell 0.59% to 3046.80. Markets in Hong Kong, China and Taiwan were closed for Lunar New Year holidays.
European markets closed loweras investors focused on data and earnings while keeping an eye on U.S. President Donald Trump's immigration policy. The Stoxx Europe 600 index finished down 0.67% at 360.12. Germany’s DAX 30 closed down 1.25% at 11,535.31, and France’s CAC 40 moved 0.75% lower to 4,748.90. The U.K’s FTSE 100 dropped 0.27% to end at 7,099.15.
U.S. equities closed mostly lower, but recorded monthly gains, as investors continued to evaluate the latest policies from the White House, while a slew of companies posted quarterly results. The Dow Jones Industrial Average fell 107 .04 points, or 0.54%, to 19,864.09. The S&P 500 ended down 2.03 points, or 0.09%, at 2,278.87.The Nasdaq Composite closed 1.07 points 0r 0.02% higher at 5,614.
Oil prices rose after news that the world's top producers cut production this month more than forecasters had expected and as the dollar sank.U.S. Light Crude settled 18 cents a barrel higher at $52.86. Brent Crude oil was up 45 cents a barrel at $55.68.
Gold reached its highest level in a week on Tuesday as unnerved investors bought bullion after the dollar was hit by U.S. President Donald Trump's comments on currency devaluation by other countries. Spot Gold climbed 1.55 percent to $1,213.43 an ounce while futures gained 1.61 percent to $1,215.2. Spot Silver rose 2.47 percent to $17.575 an ounce after hitting the highest since Nov. 11, 2016.