Asian Markets Mixed, Europe Trades Lower Along With Crude and Gold - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Tuesday, US markets ended in red with Dow falling due to higher Treasury yields. Energy stocks surged over 1% on news of Saudi Arabia's and Russia's extended production and export cuts until the end of 2023. Asian markets were mixed with Japan's Nikkei 225 and China's Shanghai Composite closing higher, while Australia's S&P/ASX 200 and Shenzhen CSI 300 declined. European markets traded lower due to concerns about a slowdown in global economic growth and increased crude oil prices. Commodities and US futures also traded lower.
September 06, 2023 | 10:15 am
News sentiment analysis
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NEGATIVE IMPACT
Gold was trading lower by 0.20%, which could impact the GLD ETF.
The GLD ETF, which tracks the price of gold, could be impacted by the decrease in gold prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 saw a 0.42% dip, potentially impacting the SPY ETF.
The S&P 500 index, which the SPY ETF tracks, saw a dip. This could lead to a decrease in the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Crude Oil WTI was trading lower, which could impact the USO ETF.
The USO ETF, which tracks the price of Crude Oil WTI, could be impacted by the decrease in oil prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80