Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets ended lower on July 26, with Dow Jones breaking its 13-session winning streak. The US economy grew by an annualized 2.4% in Q2, higher than market estimates of 1.8%. Initial jobless claims fell to 221,000, the lowest in five months. Asian markets showed mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 falling, while Shanghai Composite and Hang Seng index rose. European markets were mostly down, while commodities showed mixed results. US futures were up, and the US Dollar Index rose by 0.09%.
July 28, 2023 | 9:35 am
News sentiment analysis
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POSITIVE IMPACT
The rise in the FTSE 100 could positively impact EWU, an ETF that tracks the UK market.
EWU tracks the UK market, and the rise in the FTSE 100, reflecting improved market confidence, could lead to a positive short-term impact on EWU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The rise in US futures could positively impact SPY, an ETF that tracks the S&P 500.
SPY tracks the S&P 500, and the rise in US futures could lead to a positive short-term impact on SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The mixed results in Asian markets may impact EEMA, an ETF that tracks emerging markets in Asia.
EEMA tracks emerging markets in Asia. The mixed results in these markets, with some indices falling and others rising, could lead to uncertain short-term impacts on EEMA.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The fall in the Pan-European STOXX 600 index and other European indices could negatively impact EZU, an ETF that tracks the eurozone market.
EZU tracks the eurozone market, and the fall in the Pan-European STOXX 600 index and other European indices could lead to a negative short-term impact on EZU.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The fall in Australia's S&P/ASX 200 could negatively impact FLAX, an ETF that tracks the Australian market.
FLAX tracks the Australian market, and the fall in the S&P/ASX 200 could lead to a negative short-term impact on FLAX.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70