Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Friday, July 20, the U.S. Markets ended mixed, with Dow Jones continuing its winning streak for the tenth day. Over 75% of S&P 500 companies that have disclosed quarterly results thus far have exceeded profit estimates. The U.S. Federal Reserve is expected to raise interest rates again on July 26, 2023. Asian and European markets showed mixed results, with Japan's Nikkei 225 and Germany's DAX index trading higher, while Australia's S&P/ASX 200 and France's CAC 40 traded lower. Commodities and US futures were generally trading higher.
July 24, 2023 | 9:55 am
News sentiment analysis
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POSITIVE IMPACT
The performance of the iShares MSCI United Kingdom ETF (EWU) may be influenced by the slight increase in the U.K.'s FTSE 100.
The iShares MSCI United Kingdom ETF (EWU) tracks a market-cap-weighted index of UK stocks. The slight increase in the U.K.'s FTSE 100 could have a positive impact on EWU.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 75
POSITIVE IMPACT
The performance of the SPDR S&P 500 ETF Trust (SPY) may be positively influenced by the fact that over 75% of S&P 500 companies have exceeded profit estimates and the S&P 500 was up 0.03%.
The SPDR S&P 500 ETF Trust (SPY) tracks a market-cap-weighted index of US large- and midcap stocks. The fact that over 75% of S&P 500 companies have exceeded profit estimates and the S&P 500 was up 0.03% could have a positive impact on SPY.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The performance of the iShares MSCI Emerging Markets Asia ETF (EEMA) may be influenced by the mixed results in Asian markets, with Japan's Nikkei 225 trading higher and Australia's S&P/ASX 200 trading lower.
The iShares MSCI Emerging Markets Asia ETF (EEMA) tracks an index of Asian emerging market equities. The mixed results in Asian markets, with some trading higher and others lower, could have a neutral impact on EEMA.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The performance of the iShares MSCI Eurozone ETF (EZU) may be influenced by the mixed results in European markets, with Germany's DAX index trading higher and France's CAC 40 trading lower.
The iShares MSCI Eurozone ETF (EZU) tracks a market-cap-weighted index of Eurozone stocks. The mixed results in European markets, with some trading higher and others lower, could have a neutral impact on EZU.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The performance of the Franklin FTSE Australia ETF (FLAX) may be negatively influenced by the decrease in Australia's S&P/ASX 200.
The Franklin FTSE Australia ETF (FLAX) tracks a market-cap-weighted index of Australian stocks. The decrease in Australia's S&P/ASX 200 could have a negative impact on FLAX.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 75