Asia Declines, Eurozone Trades In Green While Crude Drops In Anticipation of US Fed Meet - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets closed lower on Tuesday, September 19, as the Federal Reserve began its two-day monetary policy meeting. Housing starts dropped 11.3% in August, while building permits increased 6.9%. The Dow Jones, S&P 500, and Nasdaq Composite all recorded declines. Asian markets also closed lower, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Exchange all recording losses. However, the European STOXX 600 index, Germany's DAX, France's CAC 40, and the U.K.'s FTSE 100 all traded higher. Crude Oil WTI and Brent were trading lower, while Natural Gas, Gold, Silver, and Copper all fell. Dow futures, S&P 500 futures, and Nasdaq 100 futures all rose.
September 20, 2023 | 11:05 am
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NEGATIVE IMPACT
Gold was trading lower by 0.12%, which could impact the GLD ETF.
The GLD ETF tracks the price of gold, which was trading lower. This could lead to a decrease in the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 recorded a 0.22% decline, potentially impacting the SPY ETF.
The S&P 500 index, which the SPY ETF tracks, recorded a decline. This could lead to a decrease in the ETF's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The U.S. Dollar Index was down 0.13%, which could impact the UUP ETF.
The UUP ETF tracks the price of the U.S. Dollar Index, which was down. This could lead to a decrease in the ETF's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100