Asia And Europe Markets Gain, Trump's Tariff Rejection By Court Fuels Commodity Rally - Global Markets Today While US Slept
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2025
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Source: Benzinga
U.S. Market Performance: On May 28, U.S. markets closed lower due to cautious signals from the Federal Reserve and weakness in chip stocks, with all S&P 500 sectors declining. Nvidia's strong earnings were overshadowed by a disappointing revenue outlook, while economic data showed slight improvement in manufacturing.
Global Market Trends: Asian and European markets saw gains on May 29, driven by positive sentiment following a U.S. court blocking Trump's tariffs, with notable increases in Japan's Nikkei and Europe's STOXX 50 index. Oil prices also rose after the tariff ruling eased economic concerns.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
