Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets ended mixed on August 1, with the Dow Jones Industrial Average closing higher by 0.20% and the S&P 500 and Nasdaq Composite falling by 0.27% and 0.43% respectively. Fitch downgraded U.S.'s long-term rating from 'AAA' to 'AA+', citing fiscal deterioration. Asian markets also closed lower, with Japan's Nikkei 225, Australia's S&P/ASX 200, Shanghai Composite, Shenzhen CSI 300, and Hang Seng index all in the red. European markets and US futures are also trading lower.
August 04, 2023 | 10:48 am
News sentiment analysis
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NEGATIVE IMPACT
Asian markets closed lower, indicating a negative short-term impact on EEMA.
EEMA tracks an index of emerging market equities. The negative performance of Asian markets, a significant part of emerging markets, is likely to negatively impact EEMA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The U.K.'s FTSE 100 traded lower, indicating a negative short-term impact on EWU.
EWU tracks an index of U.K. equities. The negative performance of the FTSE 100 is likely to negatively impact EWU.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
European markets are trading lower, indicating a negative short-term impact on EZU.
EZU tracks an index of developed market European equities. The negative performance of European markets is likely to negatively impact EZU.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Australia's S&P/ASX 200 was down, indicating a negative short-term impact on FLAX.
FLAX tracks an index of Australian equities. The negative performance of the S&P/ASX 200 is likely to negatively impact FLAX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 fell 0.27% to close at 4,576.73, indicating a negative short-term impact on SPY.
The S&P 500 index is directly linked to the SPY ETF. As the index fell, it's likely that SPY also experienced a decrease in value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100