Asia And Europe Markets Mixed; Crude Oil Drops Below $80 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
Global markets showed mixed results with the U.S. stock markets closing mixed after the Federal Reserve held interest rates steady. U.S. private employers added 192,000 jobs in April, and the ISM manufacturing PMI indicated a contraction. Energy stocks in the S&P 500 saw the biggest drop, while utilities gained. Asian markets were mixed, with notable gains in Hong Kong shares of Chinese electric vehicle makers like Nio Inc after strong April delivery numbers. European markets were mostly down, and commodities saw crude oil trading higher.

May 02, 2024 | 10:49 am
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Nio Inc shares surged in Hong Kong after reporting strong April delivery numbers, indicating positive momentum for the company.
The surge in Nio Inc shares is directly attributed to the company's strong April delivery numbers, which is a positive indicator of its performance and may lead to increased investor confidence in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90