Asia And Europe Markets Mixed, Gold Gains, Oil Slides On OPEC+ Output Hike - Global Markets Today While US Slept
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Benzinga
U.S. Market Performance: On May 2nd, U.S. markets closed higher due to strong jobs data and positive signs in U.S.-China tariff talks, with the S&P 500 achieving its longest winning streak in over 20 years. Financials and chipmakers outperformed while Treasury yields surged.
Global Market Updates: Asian markets showed mixed results, with Japan closed for a holiday and Australia's S&P/ASX 200 declining. In Europe, the STOXX 50 index fell slightly while Germany's DAX gained. Oil prices dropped amid OPEC+ production hikes, while gold and silver saw increases.
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.
