Asia Markets Mixed; Europe Rallies After US Fed Interest Rate Decision; Crude Up 1% - Global Markets Today While Us Was Sleeping
Portfolio Pulse from Akanksha Bakshi
US stock markets closed higher on November 1st after the Federal Reserve left interest rates unchanged, suggesting that rate hikes might be over. The Dow Jones, S&P 500, and Nasdaq Composite all saw gains. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, while China's Shanghai Composite and Shenzhen CSI 300 declined. European stocks rose, with the STOXX 600, DAX, CAC, and FTSE 100 all trading higher. Commodities saw gains in crude oil, gold, silver, and copper, while natural gas declined. US futures were up, while the US Dollar Index declined.
November 02, 2023 | 12:23 pm
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NEGATIVE IMPACT
The US Dollar Index declined after the Federal Reserve left interest rates unchanged, suggesting an end to rate hikes.
The Federal Reserve's decision to leave interest rates unchanged and the suggestion of an end to rate hikes likely led to a decline in the US Dollar Index.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Dow Jones Industrial Average rose after the Federal Reserve left interest rates unchanged, suggesting an end to rate hikes.
The Federal Reserve's decision to leave interest rates unchanged and the suggestion of an end to rate hikes likely boosted investor confidence, leading to gains in the Dow Jones Industrial Average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Nasdaq Composite saw gains after the Federal Reserve left interest rates unchanged, suggesting an end to rate hikes.
The Federal Reserve's decision to leave interest rates unchanged and the suggestion of an end to rate hikes likely boosted investor confidence, leading to gains in the Nasdaq Composite.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 saw gains after the Federal Reserve left interest rates unchanged, suggesting an end to rate hikes.
The Federal Reserve's decision to leave interest rates unchanged and the suggestion of an end to rate hikes likely boosted investor confidence, leading to gains in the S&P 500.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100