Asia Dips, Eurozone Opens Lower While Crude Trades Below $90 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Monday, US stock markets gained, breaking a four-day losing streak, with the S&P 500, Dow Jones, and Nasdaq all seeing increases. However, Asian markets, including Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index, all declined. European markets also opened lower. Commodities such as Crude Oil, Natural Gas, Gold, Silver, and Copper all saw decreases. US futures were down, and the U.S. Dollar Index was slightly down.
September 26, 2023 | 11:07 am
News sentiment analysis
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NEGATIVE IMPACT
China's Shanghai Composite ended down 0.43% at 3,102.27 due to concerns about the stability of China's property market.
The Shanghai Composite's decline, driven by concerns about China's property market, suggests a negative short-term impact on ASHR.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Gold declined 0.30% to $1,930.75.
The decline in the price of Gold suggests a negative short-term impact on GLD.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
The S&P 500 rose by 0.40%, ending at 4,337.44. However, S&P 500 futures decreased by 0.56%.
The S&P 500 saw a rise, but the futures indicate a potential decrease. This mixed signal suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80