Asia Falls, Europe Up, Crude Trading Higher - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On August 24, US markets closed in red ahead of Federal Reserve Chair Jerome Powell's speech. The Dow Jones, S&P 500, and Nasdaq Composite all closed lower. Asian markets also faced significant declines, particularly in the technology sector. European stocks started with a decline but later recovered, boosted by the rise in mining and energy stocks due to robust commodity prices. Crude Oil WTI and Brent were trading higher, while Gold was trading lower. US futures were up.
August 25, 2023 | 10:22 am
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POSITIVE IMPACT
The ETF EWU, which tracks the UK's stock market, may be positively impacted due to the FTSE 100 trading higher.
EWU tracks the UK's stock market. The FTSE 100 trading higher suggests a potential positive impact on EWU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The ETF EZU, which tracks the Eurozone's stock market, may be positively impacted due to the recovery in European stocks.
EZU tracks the Eurozone's stock market. The recovery in European stocks suggests a potential positive impact on EZU.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF EEMA, which tracks emerging markets in Asia, may be negatively impacted due to significant declines in Asian markets.
EEMA tracks emerging markets in Asia. The significant declines in Asian markets, particularly in the technology sector, suggest a potential negative impact on EEMA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF FLAX, which tracks Australia's stock market, may be negatively impacted due to the S&P/ASX 200 closing lower.
FLAX tracks Australia's stock market. The S&P/ASX 200 closing lower suggests a potential negative impact on FLAX.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF SPY, which tracks the S&P 500, may be negatively impacted due to the S&P 500 closing lower.
SPY tracks the S&P 500. The S&P 500 closing lower suggests a potential negative impact on SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80