Asia Closes In Green, Europe Trades Higher and Crude Ticks Up - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Monday, August 28, U.S. markets closed higher with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all seeing gains. Asian markets also closed higher on Tuesday, led by gains in various sectors. European markets are trading higher, with the FTSE 100 reaching its highest point in two weeks due to a rise in shares of housebuilding companies. Commodities are trading higher, with Crude Oil WTI, Brent, Natural Gas, Gold, Silver, and Copper all seeing increases. U.S. futures are also up, while the U.S. Dollar Index is slightly down.
August 29, 2023 | 10:47 am
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POSITIVE IMPACT
The positive performance of Asian markets may have a positive impact on EEMA, an ETF that tracks emerging markets in Asia.
EEMA tracks the performance of emerging markets in Asia. The positive performance of Asian markets, as reported, may lead to an increase in the value of EEMA.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the FTSE 100 may have a positive impact on EWU, an ETF that tracks the performance of the UK market.
EWU tracks the performance of the UK market. The reported rise in the FTSE 100 may lead to an increase in the value of EWU.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The positive performance of European markets may have a positive impact on EZU, an ETF that tracks the performance of the Eurozone equity market.
EZU tracks the performance of the Eurozone equity market. The positive performance of European markets, as reported, may lead to an increase in the value of EZU.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the Australian S&P/ASX 200 may have a positive impact on FLAX, an ETF that tracks the performance of the Australian market.
FLAX tracks the performance of the Australian market. The reported rise in the Australian S&P/ASX 200 may lead to an increase in the value of FLAX.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The rise in the S&P 500 may have a positive impact on SPY, an ETF that tracks the performance of the S&P 500.
SPY tracks the performance of the S&P 500. The reported rise in the S&P 500 may lead to an increase in the value of SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75