Asia And Europe Markets Slide, Crude Oil Cools Off And Gold Hovers Around $2K - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On Friday, October 20, U.S. stock markets closed in red due to concerns about potential interest rate increases and the Israel-Hamas conflict. All S&P 500 sectors experienced declines, with technology and financials leading the downturn. Asian and European markets also slid on Monday. Commodities were trading lower, with Crude Oil WTI down by 0.41% and Gold down by 0.83%. U.S. Dollar Index was up 0.06%.
October 23, 2023 | 11:00 am
News sentiment analysis
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NEGATIVE IMPACT
Gold was trading lower by 0.83%.
Gold prices are influenced by market sentiment and economic indicators. The current market sentiment is negative, which is causing gold prices to decline.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
S&P 500 experienced declines due to concerns about potential interest rate increases and geopolitical tensions.
The S&P 500 is directly impacted by the overall market sentiment. The concerns about potential interest rate increases and geopolitical tensions have led to a negative sentiment, causing the index to decline.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The U.S. Dollar Index was up 0.06%.
The U.S. Dollar Index is influenced by economic indicators and market sentiment. The current market sentiment is causing the index to rise.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100