Asia And Europe Markets Decline, Crude Oil Hits $86, Gold Stays Near Record Highs - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
Global markets experienced declines with the U.S. stock markets ending lower due to cautious statements from Federal Reserve officials and anticipation for the U.S. jobs report. The S&P 500 sectors all saw declines, particularly in technology, while defense shares gained. Asian markets also fell, notably Japan's Nikkei 225. European markets and commodities like crude oil and gold saw mixed results. U.S. futures indicated a slight uptick in early trading.
April 05, 2024 | 10:48 am
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POSITIVE IMPACT
SPDR Gold Shares (GLD) may have seen an uptick as gold traded higher by 0.20% at $2,312.95, staying near record highs.
The increase in gold prices, staying near record highs, directly impacts SPDR Gold Shares (GLD), likely leading to an increase in its value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
United States Oil Fund (USO) likely saw an increase as Crude Oil WTI traded higher by 0.27% at $86.81/bbl, driven by geopolitical tensions and supply concerns.
The increase in crude oil prices, driven by geopolitical tensions and supply concerns, directly impacts the United States Oil Fund (USO), likely leading to an increase in its value.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
The S&P 500 ETF (SPY) experienced a decline of 1.23% following cautious statements from Federal Reserve officials and anticipation for the U.S. jobs report.
The decline in the S&P 500 is directly related to cautious statements from Federal Reserve officials and the anticipation for the U.S. jobs report, impacting investor sentiment and leading to a decrease in SPY's value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90