Asia Closes Higher, Europe Trading Lower Following US Futures - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Tuesday, U.S. markets closed higher with the S&P 500 and Nasdaq ending over two-week highs. Asian markets also closed higher on Wednesday, led by gains in various sectors. However, European markets and U.S. futures were trading lower. Commodities saw mixed results, with Crude Oil and Gold trading higher, while Silver and Copper fell. The U.S. Dollar Index was down.
August 30, 2023 | 11:29 am
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POSITIVE IMPACT
Asian markets closed higher, which could positively impact EEMA, an ETF that tracks emerging markets in Asia.
EEMA tracks emerging markets in Asia. The positive performance of Asian markets could lead to a short-term increase in EEMA's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The U.K.'s FTSE 100 traded higher, driven by insurance companies, which could positively impact EWU, an ETF that tracks the U.K. equity market.
EWU tracks the U.K. equity market. The positive performance of the FTSE 100 could lead to a short-term increase in EWU's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Australia's S&P/ASX 200 was up, led by gains in the Industrials, Gold, and Healthcare sectors, which could positively impact FLAX, an ETF that tracks the Australian equity market.
FLAX tracks the Australian equity market. The positive performance of the S&P/ASX 200 could lead to a short-term increase in FLAX's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The S&P 500, tracked by SPY, saw its best day since June 2, ending over two-week highs. However, S&P 500 futures slid 0.21%.
The S&P 500 had a strong performance, which is positive for SPY. However, the slide in futures indicates potential downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
European markets were trading lower, which could negatively impact EZU, an ETF that tracks the Eurozone equity market.
EZU tracks the Eurozone equity market. The negative performance of European markets could lead to a short-term decrease in EZU's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80