Asia Rises, Europe Markets Mixed, While Crude Hovers Around $85 Amid Israel-Hamas Conflict - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Tuesday, October 10, U.S. stock markets closed higher, driven by declining yields across various maturities. The majority of the S&P 500 sectors ended positive, with utilities, materials, consumer discretionary, and consumer staples leading the gains. In contrast, energy stocks slightly declined. Asian markets also closed higher on Wednesday, while European markets were mixed. Commodities were mixed with Crude Oil trading lower and Natural Gas, Gold, and Silver trading higher.
October 11, 2023 | 10:38 am
News sentiment analysis
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NEGATIVE IMPACT
Crude Oil was trading lower.
The USO ETF is directly impacted by the price of Crude Oil. The lower trading of Crude Oil will likely negatively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Gold was trading higher.
The GLD ETF is directly impacted by the price of Gold. The higher trading of Gold will likely positively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 closed higher, driven by declining yields across various maturities.
The S&P 500 is directly impacted by the overall performance of the US stock market. The declining yields across various maturities have driven the index higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Natural Gas was trading higher.
The UNG ETF is directly impacted by the price of Natural Gas. The higher trading of Natural Gas will likely positively impact the ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100