Global Markets React: Asian and European Stocks Drop, Crude Oil Surges, Gold Hits $1,900

Asian and European markets experienced declines following the release of US inflation data, with rising bond yields impacting stock markets. The US stock markets closed in the red, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all sliding. In Asia, Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all closed lower. In Europe, the STOXX 600 index, Germany's DAX, France's CAC, and the UK's FTSE 100 index all declined. Crude oil prices jumped by 3%, while gold surpassed $1,900.