Asia and Europe Trade Mixed, Crude Oil Up - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US markets closed in green on August 30, despite economic data indicating a slowdown in the US economy. The S&P 500, Dow Jones, and Nasdaq all saw gains, with the largest increases in information technology and energy stocks. Asian markets were mixed, with gains in Japan and Australia, but losses in China and Hong Kong. European markets also saw mixed results, with gains in the STOXX 600 and DAX index, but a slight fall in France's CAC 40. Commodities saw crude oil rise, while natural gas, gold, silver, and copper fell. US futures were mixed, and the US Dollar Index rose.
August 31, 2023 | 11:14 am
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NEUTRAL IMPACT
Mixed results in Asian markets may lead to uncertain short-term impact for EEMA.
EEMA tracks emerging markets in Asia, among other regions. The mixed results in Asian markets may lead to an uncertain short-term impact for EEMA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mixed results in European markets may lead to uncertain short-term impact for EZU.
EZU tracks a broad range of stocks across developed European countries. The mixed results in European markets may lead to an uncertain short-term impact for EZU.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The FTSE 100 traded higher, indicating a positive short-term impact for EWU.
The FTSE 100 index, which EWU tracks, traded higher. This is likely to result in a positive short-term impact for EWU.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Australia's S&P/ASX 200 was up, indicating a positive short-term impact for FLAX.
The S&P/ASX 200 index, which FLAX tracks, was up. This is likely to result in a positive short-term impact for FLAX.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 saw gains, indicating a positive short-term impact for SPY.
The S&P 500 index, which SPY tracks, saw gains. This is likely to result in a positive short-term impact for SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100