Asia Markets Rise, Europe Mixed While Gold Slips Below $2,000 - Global Markets Today While Us Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On October 31st, U.S. stock markets closed positively with all S&P 500 sectors rising. The Dow Jones, S&P 500, and Nasdaq Composite all saw gains. However, Wall Street’s main indices marked their third straight monthly decline. Asian markets saw mixed results, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 rising, while China’s Shanghai Composite and Hong Kong’s Hang Seng Index saw minor changes. European markets were also mixed. Commodities saw crude oil rise, while natural gas and gold declined. U.S. futures were down, and the U.S. Dollar Index gained.
November 01, 2023 | 11:39 am
News sentiment analysis
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POSITIVE IMPACT
The U.S. Dollar Index, tracked by UUP, gained 0.20% to 106.88.
The U.S. Dollar Index gained, which is positive for UUP as it tracks the performance of the US dollar against a basket of foreign currencies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
The S&P 500, tracked by SPY, rose 0.56% to 4,193.80 on October 31st, but marked its third straight monthly decline.
The S&P 500 rose on October 31st, which is positive for SPY. However, the index marked its third straight monthly decline, which could indicate a negative trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gold, tracked by GLD, was trading lower by 0.13% at $1991.17.
Gold was trading lower, which is negative for GLD as it tracks the price of gold.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100