What Did Global Markets Do Today While US Was Sleeping?
Portfolio Pulse from Akanksha Bakshi
On August 22, US markets closed mostly lower with bank stocks declining due to S&P Global's decision to lower credit ratings for several US banks. Asian markets saw mixed results, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, while China's Shanghai Composite and Shenzhen CSI 300 fell. European markets and US futures were trading higher. Commodities saw mixed results, with crude oil and natural gas trading lower, while gold, silver, and copper were trading higher.
August 23, 2023 | 11:10 am
News sentiment analysis
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POSITIVE IMPACT
The EWU ETF, which tracks UK stocks, may be positively impacted by the rise in the FTSE 100 index.
The EWU ETF tracks UK stocks. The rise in the FTSE 100 index is likely to positively impact the EWU ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The EZU ETF, which tracks Eurozone stocks, may be positively impacted by the rise in the Pan-European STOXX 600 index and other European indices.
The EZU ETF tracks Eurozone stocks. The rise in the Pan-European STOXX 600 index and other European indices is likely to positively impact the EZU ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The FLAX ETF, which tracks Australian stocks, may be positively impacted by the rise in Australia's S&P/ASX 200 index.
The FLAX ETF tracks Australian stocks. The rise in Australia's S&P/ASX 200 index is likely to positively impact the FLAX ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The EEMA ETF, which tracks emerging markets, may be impacted by the mixed performance of Asian markets.
The EEMA ETF tracks emerging markets, including Asian markets. The mixed performance of Asian markets may have a neutral impact on the EEMA ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The S&P 500, tracked by the SPY ETF, closed lower by 0.28% due to declines in most sectors, particularly energy and financial sectors.
The S&P 500 closed lower due to declines in most sectors, particularly energy and financial sectors. This is likely to negatively impact the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100