What Did Global Markets Do Today While US Was Sleeping?
Portfolio Pulse from Akanksha Bakshi
US markets ended mixed on Friday, August 11, with the Dow Jones Industrial Average closing higher by 0.30% and the S&P 500 and Nasdaq Composite closing lower. Asian markets closed lower on Monday, with Japan's Nikkei 225 and Australia's S&P/ASX 200 leading the losses. European markets were mixed, with the Pan-European STOXX 600 index and the DAX index in Germany trading higher, while the UK's FTSE 100 traded lower. US futures were up, and the U.S. Dollar Index was also up.
August 14, 2023 | 10:16 am
News sentiment analysis
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NEUTRAL IMPACT
European markets were mixed, which could have a mixed impact on the EZU ETF, which tracks the eurozone equity market.
The EZU ETF tracks the eurozone equity market. The news of mixed performance in European markets suggests a neutral short-term impact on the EZU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Asian markets closed lower on Monday, which could negatively impact the EEMA ETF, which tracks emerging markets in Asia.
The EEMA ETF tracks emerging markets in Asia. The news of Asian markets closing lower suggests a negative short-term impact on the EEMA ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The UK's FTSE 100 traded lower, which could negatively impact the EWU ETF, which tracks the UK's equity market.
The EWU ETF tracks the UK's equity market. The news of the FTSE 100 trading lower suggests a negative short-term impact on the EWU ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Australia's S&P/ASX 200 fell, which could negatively impact the FLAX ETF, which tracks Australia's equity market.
The FLAX ETF tracks Australia's equity market. The news of the S&P/ASX 200 falling suggests a negative short-term impact on the FLAX ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500, tracked by the SPY ETF, closed lower by 0.11% on Friday, August 11.
The S&P 500 is a major index representing the US stock market. Its performance directly impacts the SPY ETF. The news of it closing lower suggests a negative short-term impact on the SPY ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100