Asia Up, Europe Up, Commodities Up - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On August 25, US markets closed higher following Federal Reserve Chair Jerome Powell's speech indicating a willingness to raise interest rates. The Dow Jones, S&P 500, and Nasdaq all saw increases. Asian markets also closed higher, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng index all seeing gains. European markets and commodities also saw increases, while US futures were up.
August 28, 2023 | 10:26 am
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POSITIVE IMPACT
Asian markets, which EEMA tracks, closed higher, with Japan's Nikkei 225, Australia's S&P/ASX 200, and China's Shanghai Composite all seeing gains.
Asian markets closed higher, which is likely to have a positive impact on the EEMA ETF, which tracks these markets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The U.K.'s FTSE 100, which EWU tracks, traded higher by 0.07%.
The U.K.'s FTSE 100 traded higher, which is likely to have a positive impact on the EWU ETF, which tracks this index.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
European markets, which EZU tracks, saw increases, with the Pan-European STOXX 600 index, Germany's DAX index, and France's CAC 40 all trading higher.
European markets traded higher, which is likely to have a positive impact on the EZU ETF, which tracks these markets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Australia's S&P/ASX 200, which FLAX tracks, was up 0.63%, closing at 7,159.80.
Australia's S&P/ASX 200 closed higher, which is likely to have a positive impact on the FLAX ETF, which tracks this index.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The S&P 500, tracked by the SPY ETF, saw an increase of 0.67%, closing at 4,405.71.
The S&P 500 saw an increase following Jerome Powell's speech, indicating a positive market response. This is likely to have a positive impact on the SPY ETF, which tracks the S&P 500.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100