Asia Mixed, European Markets Continue To Decline While Dollar Advances - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
On June 13th, U.S. stock markets closed mixed with the Nasdaq and S&P 500 reaching record highs. Economic data showed a drop in U.S. producer prices and a rise in jobless claims. The Federal Reserve held interest rates steady. Most S&P 500 sectors fell, while tech and real estate stocks rose. Asian markets were mixed, with Japan's Nikkei 225 gaining and Australia's S&P/ASX 200 declining. European markets continued to decline, and commodities showed mixed performance. The U.S. Dollar Index advanced.
June 14, 2024 | 11:00 am
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POSITIVE IMPACT
Gold prices rose by 1.12% to $2,344.35, indicating increased demand for safe-haven assets amid market uncertainties.
The rise in gold prices suggests increased investor demand for safe-haven assets, which is likely to positively impact $GLD.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 rose 0.23%, ending the day at 5,433.74, driven by gains in tech and real estate stocks despite declines in other sectors.
The S&P 500's rise, driven by tech and real estate gains, indicates positive investor sentiment in these sectors, likely boosting $SPY in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The U.S. Dollar Index gained 0.42% to 105.64, reflecting a stronger dollar amid mixed global market performance.
The increase in the U.S. Dollar Index suggests a stronger dollar, which is likely to positively impact $UUP.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Natural Gas prices declined by 0.41% to $2.947, reflecting lower demand or oversupply concerns.
The decline in natural gas prices suggests lower demand or oversupply, which is likely to negatively impact $UNG.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70