Global Markets React: Asia Mixed, Europe Slides, Crude Oil Surpasses $90

US stock markets closed in the red after a turbulent week, with the S&P 500 and Nasdaq experiencing their steepest declines since March. Asian markets faced a downtrend due to concerns over increasing interest rates, particularly impacting Chinese stocks. European markets were predominantly bearish, with the STOXX 600 index, Germany's DAX, France's CAC 40, and the UK's FTSE 100 all registering declines. In the commodities space, crude oil traded above $90, while natural gas, gold, silver, and copper experienced slight declines. US futures hinted at a subdued start, and the US Dollar Index ticked up slightly.