Global markets are navigating a volatile environment shaped by tech sector disruptions, geopolitical risks, and economic uncertainty.
Effect On U.S. Economy
U.S. indices continued to decline on January 29, with the S&P 500 falling 1.2% and the Nasdaq dropping 2.5%. Chinese AI firm DeepSeek has heightened competition concerns, leading to Nvidia’s 15% weekly decline and a $600 billion market cap loss.
Economy Of Mixed Market
Asian markets reflected mixed sentiment: Japan’s Nikkei 225 dropped 1%, while Hong Kong’s Hang Seng Index edged up 0.5%. In Europe, major indices are expected to dip as investors await economic data on inflation and business sentiment.
Gold prices rose to $2,755 per ounce as investors sought safe havens, while the U.S. dollar remained stable at $1.05 against the euro. Bitcoin stayed firm at $106,000, signaling caution amid regulatory and macroeconomic developments. Oil prices hovered around $75 per barrel, weighed down by sluggish Chinese manufacturing data.
