Asia And Europe Markets Dip, Crude Oil Trades Below $80 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On November 6th, US stock markets closed in green, with Dow Jones, S&P 500, and Nasdaq all seeing gains. However, Asian and European markets dipped, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all closing lower. Commodities also traded lower, with Crude Oil WTI, Natural Gas, Gold, Silver, and Copper all seeing declines. US futures were also down.
November 07, 2023 | 1:18 pm
News sentiment analysis
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POSITIVE IMPACT
S&P 500 saw gains, closing higher by 0.18% to 4,365.98.
The S&P 500 closed higher, indicating a positive market sentiment which could lead to a short-term increase in the price of SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Asian markets, including Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index, all closed lower.
The decline in Asian markets could lead to a short-term decrease in the price of EEM, which tracks these markets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
European markets, including the European STOXX 600 index, Germany's DAX, and France's CAC, all declined.
The decline in European markets could lead to a short-term decrease in the price of EZU, which tracks these markets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Gold was trading lower by 1.17% at $1965.35.
The decline in Gold could lead to a short-term decrease in the price of GLD, which tracks this commodity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Crude Oil WTI was trading lower by 1.73% at $79.42/bbl.
The decline in Crude Oil WTI could lead to a short-term decrease in the price of USO, which tracks this commodity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100