Asia Markets Waver, Eurozone Mixed, Crude and Gold Jump Amid Middle East Tensions - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets closed higher on Friday, October 6, due to a surprising increase in job creation last month, despite slow wage growth. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases. Asian markets were mixed, with Australia's S&P/ASX 200 rising due to a surge in gold and oil stocks amid Middle East tensions, while Chinese stocks fell. European markets were also mixed, and commodities such as crude oil, natural gas, and gold were trading higher. US futures were down.
October 09, 2023 | 10:34 am
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POSITIVE IMPACT
Gold was trading higher due to rising conflicts in the Middle East.
The rise in gold prices is a direct result of the rising conflicts in the Middle East, which has led to a surge in gold and oil stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 saw an increase, reflecting increased investor confidence.
The increase in the S&P 500 is a direct result of the surprising increase in job creation, despite slow wage growth. This has sparked renewed discussions on a potential Federal Reserve interest rate hike this year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Crude Oil was trading higher due to geopolitical unrest in the Middle East.
The rise in crude oil prices is a direct result of the geopolitical unrest that unfolded in the Middle East over the weekend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100