Asia Markets Mixed, Europe Edges Higher As China's Tariff Retaliation Sparks Trade Uncertainty - Global Markets Today While US Slept

On Monday, February 3rd, U.S. markets closed in red, recovering from steeper losses after President Trump delayed tariffs on Mexico for a month following its agreement to deploy 10,000 National Guard troops.

Trump’s broader tariff strategy, including levies on China and Canada, signals continued market volatility and potential inflationary effects.

In economic news, U.S. construction spending rose 0.5% month-over-month in December, reaching an annualized $2,192 billion after a revised 0.2% increase in November. Meanwhile, the ISM manufacturing PMI improved to 50.9 in January, surpassing expectations of 49.8 and up from a revised 49.2 in December.

Most S&P 500 sectors fell, led by consumer discretionary, tech, and industrials, while utilities and consumer staples gained.

The Dow Jones Industrial Average was down 0.28% and closed at 44,421.91, the S&P 500 closed lower by 0.76% ...

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