Asia Closes Higher, Europe Trades Higher Along With Crude and Gold - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On August 31, U.S. markets ended mixed with the Dow Jones and S&P 500 experiencing declines while the Nasdaq Composite recorded an increase. Asian markets closed higher on September 1, with Japan's Nikkei 225 and China's Shanghai Composite and Shenzhen CSI 300 all recording gains. European markets also traded higher, with the STOXX 600, DAX, CAC 40, and FTSE 100 all up. Commodities such as Crude Oil, Brent, Gold, Silver, and Copper were trading higher, while Natural Gas was down. U.S. futures were also up.
September 01, 2023 | 11:14 am
News sentiment analysis
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NEGATIVE IMPACT
The Franklin FTSE Australia ETF (FLAX) may be negatively impacted by the S&P/ASX 200 trading lower.
FLAX tracks a market-cap-weighted index of Australian equities. The reported decrease in the S&P/ASX 200 may lead to a decrease in the ETF's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may be negatively impacted by the S&P 500 experiencing a decrease.
SPY tracks the S&P 500, a market-cap-weighted index of US large- and mid-cap stocks. The reported decrease in the S&P 500 may lead to a decrease in the ETF's value.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
The iShares MSCI Emerging Markets Asia ETF (EEMA) may be impacted by the overall positive performance of Asian markets.
EEMA tracks an index of Asian emerging market equities. The positive performance of Asian markets, as reported, may lead to an increase in the ETF's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be positively impacted by the FTSE 100 trading higher.
EWU tracks an index of UK equities. The reported increase in the FTSE 100 may lead to an increase in the ETF's value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
The iShares MSCI Eurozone ETF (EZU) may be positively impacted by the overall positive performance of European markets.
EZU tracks an index of Eurozone equities. The positive performance of European markets, as reported, may lead to an increase in the ETF's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85