November 26, 2024

Global Markets mixed, all eyes on US consumer confidence data

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Global markets are showing mixed signals. The US market was bullish in the last session, with the S&P 500 and Nasdaq gaining 0.30% and 0.27%, respectively. However, Dow Jones Futures is slightly down by 0.03%. On Tuesday, the US will release consumer confidence figures and new home sales data, which could influence market trends.

The European market also showed strength. The SPSS index rose by 0.36%, the CAC index increased by 0.03%, and the DAX index climbed 0.43%. However, the Asian market is experiencing mixed results. Among the nine major Asian markets, six are in the red and three are in the green.

The Hang Seng index gained 0.52%, reaching 19,250 points. The SET Composite Index rose by 0.19%, and the Shanghai Composite increased by 0.43%. However, the GIFT Nifty is down by 0.24%, and the Straits Times Index fell by 0.26%.

The Nikkei index saw a significant drop of 1.43%, losing 555.75 points, while the Taiwan Weighted Index fell by 0.83%. Similarly, the Kospi index decreased by 0.66%, and the Jakarta Composite index dropped by 0.26%.

Overall, markets are reacting differently based on regional factors, but attention is now focused on upcoming US data, which could determine the next direction for global markets.