Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets closed higher on July 31, with the S&P 500 gaining 3.1% and the Dow Jones rising 3.4%. Asian markets also showed positive trends, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher. However, the Shanghai Composite and Hang Seng index closed lower. In the Eurozone, the STOXX 600, DAX, and CAC 40 traded lower. Commodities saw mixed trends, with Crude Oil and Gold trading lower, while Natural Gas traded higher. US futures were down, and the US Dollar Index was up.
August 01, 2023 | 10:56 am
News sentiment analysis
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NEGATIVE IMPACT
The U.K.’s FTSE 100 traded lower, which could negatively impact the EWU ETF, which tracks the U.K. equity market.
The negative performance of the U.K.’s FTSE 100 is likely to have a negative impact on the EWU ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Eurozone markets traded lower, which could negatively impact the EZU ETF, which tracks the Eurozone equity market.
The negative performance of Eurozone markets is likely to have a negative impact on the EZU ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Asian markets showed mixed trends, which could impact the EEMA ETF, which tracks emerging markets in Asia.
The mixed performance of Asian markets could have a neutral impact on the EEMA ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Australia’s S&P/ASX 200 was up, which could positively impact the FLAX ETF, which tracks the Australian equity market.
The positive performance of Australia’s S&P/ASX 200 is likely to have a positive impact on the FLAX ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500, tracked by the SPY ETF, gained 3.1%, marking its fifth straight positive month.
The S&P 500's strong performance is likely to have a positive impact on the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100