Asian Markets Mixed, Europe Trades Higher Influenced By ECB's Signal Of Ending Rate Hike Cycle - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Thursday, September 14, U.S. markets ended higher with the Dow surging over 300 points, driven by strong performance of the U.S. consumer sector and recent retail sales data. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 recording gains, while China's Shanghai Composite and Shenzhen CSI 300 declined. European shares rose following the European Central Bank's indication of ending its rate hike cycle. Commodities were mixed, with Crude Oil WTI, Natural Gas, Gold, and Silver trading higher, while Copper declined. U.S. futures were mixed, and the U.S. Dollar Index was down.
September 15, 2023 | 11:40 am
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POSITIVE IMPACT
Gold was trading higher by 0.39% at $1,940.25.
The increase in the price of gold indicates a positive impact on the GLD ETF, which tracks the price of gold.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 recorded a 0.84% increase, closing at 4,505.10. This was driven by strong performance of the U.S. consumer sector and recent retail sales data.
The strong performance of the U.S. consumer sector and recent retail sales data have positively impacted the S&P 500, leading to an increase in its value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
China's Shanghai Composite closed the session at 3,117.74, down 0.28%, and Shenzhen CSI 300 declined 0.66%, ending at 3,708.78.
The decline in China's Shanghai Composite and Shenzhen CSI 300 indicates a negative impact on the Chinese market, which could potentially affect the FXI ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100