Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets closed lower on Wednesday, with the Dow Jones, S&P 500, and Nasdaq all recording losses. Asian markets, however, ended Thursday's session higher, with gains in Japan, Australia, China, and Hong Kong. President Biden issued an order restricting certain US investments in China. European markets were also up, with investors digesting corporate earnings ahead of a key US inflation reading. Commodities saw mixed results, while US futures were up. The US Dollar Index was down.
August 10, 2023 | 10:24 am
News sentiment analysis
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NEGATIVE IMPACT
The performance of SPY, an ETF that tracks the S&P 500, may be negatively impacted by the losses in the S&P 500.
SPY tracks the S&P 500. Given the reported losses in the S&P 500, it's likely that SPY's performance will be negatively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The performance of EEMA, an ETF that tracks emerging markets in Asia, may be positively impacted by the gains in Asian markets.
EEMA tracks emerging markets in Asia. Given the reported gains in Asian markets, it's likely that EEMA's performance will be positively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The performance of EWU, an ETF that tracks the UK market, may be positively impacted by the gains in the UK's FTSE 100.
EWU tracks the UK market. Given the reported gains in the UK's FTSE 100, it's likely that EWU's performance will be positively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The performance of EZU, an ETF that tracks the Eurozone market, may be positively impacted by the gains in the Eurozone markets.
EZU tracks the Eurozone market. Given the reported gains in the Eurozone markets, it's likely that EZU's performance will be positively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The performance of FLAX, an ETF that tracks the Australian market, may be positively impacted by the gains in Australia's S&P/ASX 200.
FLAX tracks the Australian market. Given the reported gains in Australia's S&P/ASX 200, it's likely that FLAX's performance will be positively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70