Asia Markets Recover, Eurozone Trades Mixed, Crude Breaches $85 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets ended higher on October 4, led by Nasdaq Composite, due to lower than expected private payrolls data for September. This data alleviated concerns of another Federal Reserve rate hike this year. Asian markets also saw gains, with Japan's Nikkei 225 and Australia's S&P/ASX 200 rising. However, Eurozone markets traded mixed, and US futures were down. Crude oil prices fell, while gold and silver rose.
October 05, 2023 | 11:06 am
News sentiment analysis
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NEGATIVE IMPACT
Crude oil prices fell, which could lead to a short-term negative impact on USO.
The price of crude oil fell, which directly impacts the USO ETF as it tracks the price of crude oil.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gold prices rose, which could lead to a short-term positive impact on GLD.
The price of gold rose, which directly impacts the GLD ETF as it tracks the price of gold.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 saw an increase, which could lead to a short-term positive impact on SPY.
The S&P 500 index saw an increase, which directly impacts the SPY ETF as it tracks this index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80