Global Markets React as Asia and Europe Experience Downturn, Crude Oil Prices Plummet to $85

U.S. stock markets closed lower due to rising Treasury yields and investor assessments of corporate earnings. Asian markets followed suit, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all experiencing declines. In Europe, the STOXX 600 index, Germany's DAX, France's CAC, and the U.K.'s FTSE 100 were all down. Crude oil prices slipped to $85, while other commodities such as natural gas, gold, silver, and copper experienced mixed movements. U.S. futures showed a mixed trend, and the U.S. Dollar Index inched higher.