Asia Markets Mixed, Europe Slides While Crude Oil Trades Above $90 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Friday, September 22, U.S. stock markets closed in the red with the S&P 500 and the Nasdaq experiencing their steepest week-to-week declines since March. Asian markets were mixed on Monday, with Japan's Nikkei 225 rising by 0.95% and China's Shanghai Composite receding 0.54%. European markets were predominantly bearish. In the commodities space, Crude Oil WTI traded up by 0.39% at $90.37/bbl. U.S. futures hinted at a subdued start.
September 25, 2023 | 11:05 am
News sentiment analysis
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NEGATIVE IMPACT
The S&P 500 experienced its steepest week-to-week decline since March, closing down 0.23%.
The S&P 500 is a major indicator of the overall health of the US stock market. Its steep decline suggests a bearish outlook for the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Crude Oil WTI traded up by 0.39% at $90.37/bbl.
The rise in Crude Oil WTI prices is likely to positively impact the USO ETF, which tracks the performance of West Texas Intermediate light, sweet crude oil.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100