iShares MSCI Emerging Index Fund (ARCA: EEM)

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iShares MSCI Emerging Index Fund

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The Fund seeks to track the investment results of the MSCI Emerging Markets Index (the Underlying Index), which is designed to measure equity market performance in the global emerging markets. As of August 31, 2023, the Underlying Index consisted of securities from the following 24 emerging market countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates. The Underlying Index includes large- and mid-capitalization companies and may change over time. As of August 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the financials and technology industries or sectors. The components of the Underlying Index are likely to change over time. BFA uses an indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to beat the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

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Emerging market stocks have dropped to levels last seen in mid-September, with the downturn exacerbated by Donald Trump's victory and a Republican sweep<a href="https://www.benzinga.com/topic/donald-trump"> of the U.S. Congress.</a>
The iShares MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEM#NYSE">EEM</a>) has slumped 7% over the past month, with the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) and the iShares Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) underperforming — down 10.1% and 7.8%, respectively.
Trump&#8217;s win and full Republican control of Washington, D.C. raise critical questions for emerging markets (EM). What does a more protectionist U.S. policy and potential fiscal loosening mean for emerging economies, currencies and credit conditions?
<h1 class="wp-block-heading">Why Are Emerging Markets Falling?</h1>
Trump's election has sparked concerns over possible shifts in U.S. fiscal and trade policies that could have a ripple effect on global markets. 
&#8220;The prospects of looser fiscal policy and more trade protectionism have increased short- and long-term U.S. interest rates, putting upward pressure on borrowing costs in EMs,&#8221; according to Elijah Oliveros-Rosen, chief emerging markets economist at S&amp;P Global Ratings.
Higher U.S. interest rates tend to strengthen the dollar, making it more expensive for emerging markets to service dollar-denominated debt. This tighter financial environment has already started affecting emerging market currencies, which have weakened across the board against the dollar.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1024x503.png" alt="" class="wp-image-648524" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159-1536x754.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14120359/image-159.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">EM Currency Depreciation: A Major Concern</h1>
Following Trump's win, most EM currencies — especially in Central and Eastern Europe and Latin America — have depreciated significantly against the U.S. dollar.
Investors worry the Federal Reserve may delay rate cuts in response to Trump&#8217;s policies, which could include new tariffs or stricter immigration rules. A stronger dollar and potential trade barriers pose serious risks for EM economies reliant on exports and foreign investment.
The Mexican peso, in particular, has been hit hard by Trump's election, as uncertainty over trade and immigration policies toward Mexico has made investors skittish. 
Private fixed investment in Mexico, which has been strong over the last two years due to nearshoring, could lose momentum until there's more clarity on U.S. policy.
&#8220;During the Trump 2016-2020 administration (excluding the pandemic), private fixed investment in Mexico declined 4.5%,&#8221; S&amp;P Global wrote in a report. 
<h1 class="wp-block-heading">Tightening Financial Conditions For EM</h1>
The rise in U.S. interest rates is tightening financial conditions for EMs, which rely heavily on affordable credit to finance growth. 
With borrowing costs rising, fiscal vulnerabilities in these markets could become more pronounced, potentially limiting governments' ability to stimulate their economies.
"Volatility in emerging market assets is expected to remain elevated for some time due to uncertainties surrounding U.S. policy details including trade, fiscal, and regulatory environment," said Oliveros-Rosen. 
Investors are likely to remain on edge until the new administration clarifies its approach, particularly toward trade.
<h1 class="wp-block-heading">Impact On Credit Ratings, Market Activity</h1>
The tightening financial environment is already impacting EM credit ratings.
 While the number of issuers rated ‘CCC+' and below has decreased slightly, indicating some deleveraging, many EM companies are still struggling with high debt levels. Riskier credits have been able to refinance for the first time since November 2021, but this could come at the cost of reduced capital expenditures in 2025-2026.
Corporate bond spreads in EMs remain tight, supporting robust market activity for speculative-grade issuers. With two months left in 2024, all EM regions — except for Asia — have already surpassed their average bond issuance volumes from the last seven years. Both benchmark and corporate yields have edged up amid the uncertainty, reflecting a more cautious investor sentiment.
<h1 class="wp-block-heading">Long-Term Outlook: Headwinds, Opportunities</h1>
Looking ahead, EMs face a mixed outlook. In the near term, "volatility in emerging market assets is expected to remain elevated for some time due to uncertainties surrounding U.S. policy details including, trade, fiscal, and regulatory environment,&#8221; S&amp;P Global wrote. 
Yet, demographics, technology, and the global energy transition could provide structural growth tailwinds over the next decade, potentially offsetting some of the risks posed by a protectionist U.S. stance. 
Supply-chain shifts and nearshoring trends, particularly in regions like Latin America, may also help some EMs attract investment.
As Oliveros-Rosen stated, "The specific policies announced by the next U.S. administration could either further amplify or reverse the recent tightening in financial conditions, with implications for EM growth and credit conditions."
In other words, the ball is in Washington's court. Whether EMs face a full-blown crisis or simply a period of adjustment will depend largely on Trump's policy choices in 2025.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41955977/trump-ignites-investor-optimism-for-growth-small-caps-us-dollar-bank-of-america-survey">Trump Ignites Investor Optimism For Growth, Small Caps, US Dollar: Bank Of America Survey</a></li>
</ul>
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Trump's Red Wave Pushes Emerging Market Stocks To 2-Month Lows: Volatility 'Expected To Remain Elevated'

On Wednesday, November 13th, U.S. markets ended mixed. The Dow and S&amp;P 500 edged higher while the Nasdaq dipped. October CPI data met expectations, supporting bets on a December Fed rate cut. Core CPI rose 0.3%. Consumer discretionary stocks gained, driven by optimism over potential rate cuts.
According to economic data, the annual U.S. inflation rate increased to 2.6% in October, up from 2.4% in September, matching market expectations. The consumer price index (CPI) climbed 0.2% on a monthly basis in October.
Consumer discretionary, energy and real estate led S&amp;P 500 gains Wednesday, while tech and communication services stocks declined.
The Dow Jones Industrial Average was up 0.11% and closed at 43,958.19, the S&amp;P 500 rose 0.02% to 5,985.38, and the Nasdaq Composite declined 0.26% to finish at 19,230.72.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.61% and ended the session at 38,504.00, led by losses in the Precision Instruments, Automobiles &amp; Parts, and Power sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.37% and ended the day at 8,224.00, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.02% at 23,555.50, and Nifty 500 was up 0.30% at 21,981.65, led by losses in the Fast Moving Consumer Goods, Healthcare, and Public Sector Undertakings sectors.</li>
<li>China&#8217;s Shanghai Composite declined 1.73% to close at 3,379.84, and the Shenzhen CSI 300 fell 1.73%, finishing the day at 4,039.62.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 1.96% and closed the session at 19,435.81.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.27%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.86%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.20%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.18% at $68.55/bbl, and Brent was up 0.19% at $72.44/bbl.</li>
<li>Oil prices steadied as a strong U.S. dollar and rising U.S. Treasury yields pressured the market.</li>
<li>Natural Gas declined 1.24% to $2.946.</li>
<li>Gold was trading lower by 1.43% at $2,549.60, Silver declined 2.42% to $29.922, and Copper slipped 1.83% to $4.0088.</li>
<li>Gold fell to a two-month low as a stronger dollar and sticky U.S. inflation data weighed on prices. Copper hit a three-month low on weak Chinese stimulus and tariff concerns.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures increased 0.13%, S&amp;P 500 futures up 0.10% and Nasdaq 100 futures rose 0.08%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index gained 0.52% to 107.03, the USD/JPY rose 0.45% to 156.16, and the USD/AUD rose 0.40% to 1.5481.</li>
<li>The U.S. dollar reached a one-year high, driven by inflation data and Trump&#8217;s election win. Yen neared intervention levels as USD/JPY surged.</li>
</ul>
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Dollar Hits One-Year High; China Falls, Gold Hits Two-Month Low - Global Markets Today While US Slept

On Tuesday, November 12, U.S. markets ended lower as investors took profits after a post-election rally, anticipating upcoming inflation data. Worries over Trump&#8217;s inflationary policies, rising Treasury yields, and weak European markets intensified the decline.
According to economic data, U.S. consumer inflation expectations eased to 2.9% in October, down from 3% in the prior four months. The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2.
Most S&amp;P 500 sectors declined, led by materials, health care, and real estate, while tech and communication services rose against the trend.
The Dow Jones Industrial Average was down 0.86% and closed at 43,910.98, the S&amp;P 500 fell 0.29% to 5,984.00, and the Nasdaq Composite declined 0.09% to finish at 19,281.40.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 declined 1.55% and ended the session at 38,740.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.75% and ended the day at 8,193.40, led by losses in the Metals &amp; Mining, Financials and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.36% at 23,559.05, and the Nifty 500 was down 1.67% at 21,957.50, led by losses in the Real Estate, Capital Goods and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,439.28, and the Shenzhen CSI 300 rose 0.61%, finishing the day at 4,110.89.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 0.12% and closed the session at 19,823.45.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.08%.</li>
<li>Germany&#8217;s DAX gained0.12%.</li>
<li>France&#8217;s CAC rose0.10%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.12%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.88% at $68.70/bbl, and Brent was up 0.82% at $72.48/bbl.</li>
<li>Oil prices rose due to supply tightness but remained near two-week lows after OPEC cut its demand forecasts for 2024 and 2025, citing weakness in China.</li>
<li>Natural Gas declined 1.17% to $2.873.</li>
<li>Gold was trading higher by 0.33% at $2,615.40, Silver gained 0.92% to $31.040, and Copper slipped 0.07% to $4.1338.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures decreased 0.12%, S&amp;P 500 futures were down 0.15%, and Nasdaq 100 futures fell 0.15%.
Forex at 05:30 AM ET
The U.S. dollar index is up 0.02% to 105.97, the USD/JPY rose 0.22% to 154.94, and the USD/AUD rose 0.10% to 1.5321.
Image via Shutterstock

BOIL

Asia Markets Down, Europe Up, Dollar Makes 5-Month High - Global Markets Today While US Slept

On Monday, November 11th, U.S. markets closed higher, driven by stocks poised to benefit from Trump&#8217;s potential fiscal policies. Tesla surged, reaching a $1.1 trillion valuation, while crypto stocks rallied as Bitcoin hit a record $87,000. Traders are watching inflation data and potential Fed rate cuts closely.
Stocks approach year-end on strong gains, with the S&amp;P 500 up 26% YTD, boosted by AI optimism and Fed rate cuts. Traders await U.S. inflation data and Fed speakers, including Chair Powell, for insights on economic health and rate outlook.
Most S&amp;P 500 sectors rose, led by consumer discretionary, financials, and industrials, while tech and real estate stocks declined.
The Dow Jones Industrial Average was up 0.69% and closed at 44,293.13, the S&amp;P 500 rose 0.10% to 6,001.35, and the Nasdaq Composite gained 0.06% to finish at 19,298.76.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 declined 0.48% and ended the session at 39,350.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.13% and ended the day at 8,255.60, led by losses in the Gold, Energy and Resources sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.23% at 23,845.10, and Nifty 500 was down 1.33% at 22,290.05, led by losses in the Power, Public Sector Undertakings, and Capital Goods sectors.</li>
<li>China&#8217;s Shanghai Composite fell 1.39% to close at 3,421.97, and the Shenzhen CSI 300 slid 1.10%, finishing the day at 4,085.74.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 2.84% and closed the session at 19,846.88.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.88%.</li>
<li>Germany&#8217;s DAX declined 0.82%.</li>
<li>France&#8217;s CAC fell 1.16%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.95%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.91% at $68.65/bbl, and Brent was up 0.84% at $72.44/bbl.</li>
<li>Natural Gas declined 0.38% to $2.909.</li>
<li>Gold was trading lower by 0.60% at $2,602.00, Silver fell 0.63% to $30.422, and Copper slipped 1.87% to $4.1493</li>
</ul>
US Futures at 06:00 AM ET
Dow futures decreased 0.05%, S&amp;P 500 futures were down 0.16%, and Nasdaq 100 futures fell 0.15%.
Forex at 06:00 AM ET
<ul>
<li>The U.S. dollar index increased by 0.25% to 105.81, the USD/JPY rose by 0.16% to 153.95, and the USD/AUD rose by 0.47% to 1.5282.</li>
<li>The U.S. dollar hit a four-month high as investors bet on Trump&#8217;s pro-crypto and tariff-heavy agenda, lifting Bitcoin to a new peak.</li>
</ul>
Image via Shutterstock

Asia And Europe Markets Cool Off, Dollar Strengthens To 4-month High - Global Markets Today While US Slept

On Friday, November 8, U.S. markets rallied, with the S&amp;P 500 briefly surpassing the 6,000 mark and posting its most substantial weekly gain in a year. The surge was driven by Donald Trump&#8217;s election win, expectations of pro-business policies, and an anticipated Fed rate cut. Optimism over a potential Republican sweep in Congress boosted investor sentiment, pushing the Nasdaq to record highs and securing the S&amp;P&#8217;s 50th record close of the year.
According to economic data, the University of Michigan&#8217;s consumer sentiment index increased to 73 in November, marking its highest level in seven months. This figure surpassed both October&#8217;s reading of 70.5 and market expectations of 71.
Most S&amp;P 500 sectors gained, led by consumer staples, utilities, and real estate, while materials and communication services lagged.
The Dow Jones Industrial Average was up 0.59% and closed at 43,988.99, the S&amp;P 500 rose 0.38% to 5,995.54, and the Nasdaq Composite gained 0.09% to finish at 19,286.78.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 gained 0.18% and ended the session at 39,539.50, led by gains in the Shipbuilding, Railway &amp; Bus, and Services sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.35% and ended the day at 8,266.20, led by losses in the Metals &amp; Mining, Resources and Materials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.11% at 24,122.10 and Nifty 500 was down 0.32% at 22,572.70.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,470.07, and the Shenzhen CSI 300 gained 0.66%, finishing the day at 4,131.13.</li>
<li>Hong Kong&#8217;s Hang Seng fell 1.45% and closed the session at 20,426.93.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.24%.</li>
<li>Germany&#8217;s DAX gained 1.37%.</li>
<li>France&#8217;s CAC rose1.20%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.90%.</li>
<li>European markets opened on a positive note, lifted by record highs on Wall Street and a recent Fed rate cut. Gains were seen across major indices, although political uncertainty lingers due to Trump&#8217;s reelection and instability within Germany&#8217;s coalition government.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.06% at $69.31/bbl, and Brent was down 1.29% at $72.92/bbl.</li>
<li>Oil prices remained steady as concerns over U.S. storm disruptions eased and China&#8217;s stimulus plan disappointed investors. Weak demand growth in China and expectations of increased U.S. output under Trump&#8217;s administration further weighed on the market outlook.</li>
<li>Natural Gas gained 6.18% to $2.834.</li>
<li>Gold was trading lower by 0.71% at $2,675.60, Silver rose 0.36% to $31.562 and Copper slipped 0.24% to $4.2945</li>
</ul>
US Futures at 05:30 AM ET
Dow futures gained 0.37%, S&amp;P 500 futures up 0.27%, and Nasdaq 100 futures rose 0.22%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index increased by 0.26% to 105.27, the USD/JPY rose by 0.73% to 153.75, and the USD/AUD rose by 0.01% to 1.5180.</li>
<li>The U.S. dollar strengthened to three-month high, continuing gains from Trump&#8217;s election win, which raised expectations of inflationary policies and slower Fed rate cuts. Despite a recent rate reduction, the dollar retained most of its gains, with the focus shifting to upcoming inflation data.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed And Europe Up, Dollar Gains To 3-Month High - Global Markets Today While US Slept

On Thursday, November 8th, U.S. markets ended mixed after the Federal Reserve cut interest rates by 25 basis points, citing an eased job market and progress toward the 2% inflation target. Optimism over President-elect Donald Trump&#8217;s return lifted the S&amp;P 500 and Nasdaq to record highs, with global markets rallying in response.
Financials led declines among S&amp;P sectors, reversing strong gains from the previous session as bank stocks fell sharply.
The Federal Reserve cut rates by 0.25 points to a 4.5%-4.75% range, slowing the pace of easing from September&#8217;s 0.5% cut.
In economic data, U.S. initial jobless claims rose to 221,000 in late October, while Q3 nonfarm productivity increased by 2.2% and unit labor costs grew by 1.9%. Wholesale inventories fell 0.2% in September, and natural gas stocks climbed by 69 billion cubic feet to 3.932 trillion.
The Dow Jones Industrial Average was flat and closed at 43,729.34, the S&amp;P 500 rose 0.74% to 5,973.10, and the Nasdaq Composite soared 1.51% to finish at 19,269.46.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 gained 0.19% and ended the session at 39,468.50, led by gains in the Textile, Shipbuilding and Steel sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.84% and ended the day at 8,295.10, led by gains in the Gold, IT, and Consumer Discretionary sectors.     </li>
<li>India&#8217;s Nifty 50 traded lower by 0.21% at 24,148.20, and Nifty 500 was down 0.70% at 22,645.65.</li>
<li>China&#8217;s Shanghai Composite slid 0.53% to close at 3,452.30, and the Shenzhen CSI 300 declined 1.00%, finishing the day at 4,104.05.</li>
<li>Hong Kong&#8217;s Hang Seng fell 1.7% and closed the session at 20,728.19.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was down 1.09%.</li>
<li>Germany&#8217;s DAX declined 0.99%.</li>
<li>France&#8217;s CAC fell 1.13%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.72%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.64% at $71.19/bbl, and Brent was down 1.35% at $74.62/bbl.</li>
<li>Oil prices edged lower as Hurricane Rafael&#8217;s impact on U.S. output eased and markets assessed Trump&#8217;s potential policies on global supply.</li>
<li>Natural Gas gained 0.63% to $2.710.</li>
<li>Gold was trading lower by 0.49% at $2,692.00, Silver fell 1.11% to $31.503, and Copper slipped 2.30% to $4.3290.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures slipped 0.04%, S&amp;P 500 futures were down 0.03%, and Nasdaq 100 futures fell 0.14%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index declined 0.02% to 104.49, the USD/JPY was down 0.39% to 152.37, and the USD/AUD rose 0.68% to 1.5072.</li>
<li>The U.S. dollar edged higher this week, buoyed by &#8220;Trump trades&#8221; but tempered by policy uncertainty. The yen rose, and the Australian dollar logged solid weekly gains.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Markets Mixed, Europe, Crude Oil, Gold And Dollar Cool Off - Global Markets Today While US Slept

On Wednesday, November 6th, U.S. markets closed at record highs as Donald Trump won the 2024 presidential election. Investors anticipated lower taxes, deregulation, and Trump&#8217;s active stance on economic matters. The Dow, S&amp;P 500, and Nasdaq surged, while bitcoin also reached new highs.
Tesla shares surged, fueled by CEO Elon Musk&#8217;s endorsement of Trump, alongside gains in Trump Media &amp; Technology Group. Treasury yields rose amid expectations that higher tariffs could drive up inflation and expand the U.S. deficit.
According to economic data, U.S. mortgage applications dropped 10.8% last week, while crude oil inventories rose by 2.149 million barrels, exceeding the forecast of 1.8 million.
Most S&amp;P 500 sectors closed higher, led by consumer discretionary, industrials, and financials, while consumer staples and real estate lagged.
The Dow Jones Industrial Average gained 3,57% to close at 43,729.93, the S&amp;P 500 rose 2.53% to 5,929.04, and the Nasdaq Composite soared 2.95% to finish at 18,983.47.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.09% and ended the session at 39,394.00, led by losses in the Fishery, Marine Transport, and Food sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.33% and ended the day at 8,226.30, led by gains in the Energy, Industrials and Financials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.18% at 24,194.60 and Nifty 500 was down 1.02% at 22,796.95, losses in the Metals, Power and Real Estate sectors.</li>
<li>China&#8217;s Shanghai Composite gained 2.57% to close at 3,470.66, and the Shenzhen CSI 300 soared 3.02%, finishing the day at 4,145.70.</li>
<li>Hong Kong&#8217;s Hang Seng rose 2.02% and closed the session at 20,953.34.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.67%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.58%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.08%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.88% at $71.06/bbl, and Brent was down 0.71% at $74.41/bbl.</li>
<li>Natural Gas slid 0.07% to $2.745</li>
<li>Gold was trading lower by 0.08% at $2,674.70, Silver fell 0.29% to $31.245, and Copper gained 2.28% to $4.3430.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures climbed 0.22%, with S&amp;P 500 futures up 0.19% and Nasdaq 100 futures rising 0.21%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. dollar index declined 0.19% to 104.89, the USD/JPY was down 0.40% to 154.00, and the USD/AUD fell 0.89% to 1.5086.</li>
<li>Global stocks rose, led by optimism over potential U.S. fiscal expansion under Trump&#8217;s presidency and anticipated rate cuts from the Fed and other central banks. U.S. Treasury yields increased, while the dollar eased slightly after Wednesday&#8217;s surge.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

US Futures, European Stocks Rally Post-Trump Victory While Crude Oil And Gold Decline - Global Markets Today While US Slept

A second Donald Trump mandate could lead to marked shifts in global commodity prices, spurred by his pro-fossil fuel policies, potential tariffs, and <a target="_blank" href="https://www.benzinga.com/topic/donald-trump" rel="noreferrer noopener">aggressive trade stances</a>.
Oxford Economics <a target="_blank" href="https://www.oxfordeconomics.com/resource/trump-presidency-could-alter-the-trajectory-for-commodity-prices/" rel="noreferrer noopener">noted</a> that Trump has campaigned to "unleash a new ear for fossil fuels," as deregulation of the U.S. energy sector could increase the production of oil, coal, and natural gas.
They expect that accelerating the current expansion in the domestic production of energy commodities would "lower the prices and, in turn, outweigh greater demand for diesel and gas through the repeal of tax credits in the Inflation Reduction Act."
"Trump has pledged to roll back restrictions on drilling and permitting which were implemented under the Biden administration, as well as to streamline deregulation and end any [electric vehicle] mandates or green energy incentives," UK-based Gibson Shipbrokers stated, <a target="_blank" href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/102924-us-elections-trump-presidency-seen-as-bullish-for-tanker-rates-in-us-middle-east-russia-wild-card" rel="noreferrer noopener">per</a> S&amp;P Global's report.
Industrial metals and agricultural goods, including steel and soybeans, will likely feel the impact of renewed tariffs, especially in a trade showdown with China. While China sought to reduce its exposure to U.S. soybean imports by importing more from Brazil and Argentina, it still buys a notable amount of U.S. oilseed.
Futures prices reacted accordingly to the election results, with the November 2024 deliveries declining 2.01% on the CME exchange, while Soybean oil prices rose 0.42% for the same period.
Trump's proposed tariff of up to 60% would likely weaken demand for industrial commodities like copper, steel, and iron ore, all essential to China's manufacturing.
"If Trump wins, I expect we'll see a serious slowdown in demand for metals. China, the largest consumer of these resources, would be facing the toughest constraints," Ole Hansen, head of commodity strategy at Saxo Bank, <a target="_blank" href="https://www.reuters.com/markets/commodities/commodities-under-pressure-likely-trump-win-us-presidential-race-2024-11-06/" rel="noreferrer noopener">told</a> Reuters.
Such a shift could weigh on commodity-exporting nations like Australia, making it more challenging to maintain export revenues.
Matthew Durban, a former Australian Trade and Investment Commission economist, <a target="_blank" href="https://www.news.com.au/world/north-america/us-politics/increasingly-unstable-expert-claims-trump-win-would-be-calamitous-for-aussie-economy/news-story/c9e258889a0135c1f1cbbc80e3f1b234" rel="noreferrer noopener">highlighted</a> the risk for News.com.au, stating that Australia's economy would face "calamitous" consequences from reduced Chinese demand, which currently accounts for 35% of the country's exports. Tariffs would disrupt Chinese industrial activity, leading to lower demand for Australian commodities that fuel Chinese manufacturing, such as coal and iron ore.
That situation would put the country in strategic tension as it balances its close alliance with the U.S. and its economic reliance on China.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41766869/trump-win-biggest-positive-for-elon-musks-tesla-tech-bull-says-it-could-boost-ev-gi" target="_blank" rel="noreferrer noopener">Trump Win' Biggest Positive' For Elon Musk's Tesla, Tech Bull Says It Could Boost EV Giant's Stock By This Much</a></li>
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Photo via Shutterstock

Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position

Election 2024 Update: Donald Trump <a target="_blank" href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election" rel="noreferrer noopener">won the 2024 election</a> over his Democratic rival Kamala Harris, the Associated Press declared. In his victory speech before the election was officially called, he praised running mate JD Vance and Elon Musk&#8217;s support.
Calling it &#8220;the greatest political movement,&#8221; Trump vowed to &#8220;fix everything about our country.&#8221;
On Tuesday, November 5th, U.S. markets closed higher, led by broad gains across sectors, as economic data signaled resilience in the services sector. Investors remain wary, however, with volatility anticipated due to the tight presidential race between Trump and Harris, which will impact both bond and currency markets.
In economic data, the September U.S. trade deficit expanded to $84.4 billion, marking its highest level since April 2022 and exceeding market expectations of $84.1 billion. ISM services PMI climbed to 56 in October, its strongest level since August 2022.
The S&amp;P 500 majority sectors ended in positive territory, led by notable gains in consumer discretionary, industrial, and utilities stocks.
The Dow Jones Industrial Average gained 1.02% to close at 42,221.88, the S&amp;P 500 rose 1.23% to 5,782.76, and the Nasdaq Composite climbed 1.43% to finish at 18,439.17.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 gained 2.16% and ended the session at 39,428.50, led by gains in the Glass, Transportation Equipment, and Banking sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.83% and ended the day at 8,199.50, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 1.16% at 24,493.90 and Nifty 500 was up 1.61% at 23,043.90, led by gains in the Technology, Oil &amp; Gas and Capital Goods sectors.</li>
<li>China&#8217;s Shanghai Composite declined 0.09% to close at 3,383.81, and the Shenzhen CSI 300 slid 0.50%, finishing the day at 4,024.28.</li>
<li>Hong Kong&#8217;s Hang Seng fell 2.23% and closed the session at 20,538.38.</li>
<li>China&#8217;s markets fell as Trump&#8217;s U.S. election victory raised concerns about renewed trade and tech tensions. Investors remain cautious, hedging against potential tariffs and sanctions affecting Chinese assets.</li>
</ul>
Eurozone at 05.30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.06%.</li>
<li>Germany&#8217;s DAX gained 1.18%.</li>
<li>France&#8217;s CAC rose 1.75%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 1.42%.</li>
</ul>
Commodities at 6.00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.17% at $71.11/bbl, and Brent was down 1.28% at $74.60/bbl.</li>
<li>Oil prices dropped as the dollar surged amid Trump&#8217;s projected election win and a larger-than-expected U.S. crude stock rise.</li>
<li>Natural Gas rose 0.11% to $2.673</li>
<li>Gold was trading lower by 0.55% at $2,734.40, Silver fell 1.30% to $32.350 and Copper slipped 2.68% to $4.3558.</li>
</ul>
U.S. Futures at 6.00 AM ET
Dow futures climbed 2.87%, with S&amp;P 500 futures up 2.29% and Nasdaq 100 futures rising 1.75%.
Forex at 6.00 AM ET
<ul>
<li>The U.S. dollar index gained 1.38% to 104.85, the USD/JPY rose 1.58% to 154.10, and the USD/AUD rose 0.74% to 1.5176.</li>
<li>U.S. and European <a href="https://www.benzinga.com/news/24/11/41763731/bitcoin-past-73k-dollar-gold-stock-futures-rise-as-trump-harris-results-trickle-in" target="_blank" rel="noreferrer noopener">stock futures, the dollar, and bitcoin surged</a> after Trump&#8217;s projected election victory, stirring inflation concerns and lifting Treasury.</li>
</ul>
Photo courtesy: Shutterstock

Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens

On Monday, November 4th, U.S. markets closed lower after a volatile session as investors braced for a pivotal week with the U.S. presidential election and the Federal Reserve&#8217;s policy announcement. A poll showing Kamala Harris leading in Iowa impacted &#8220;Trump trades,&#8221; adding market uncertainty amid expectations of delayed election results.
Economic data showed that U.S. factory orders dropped by 0.5% in September, reaching $584.2 billion, following a revised 0.8% decrease in August.
Most S&amp;P 500 sectors closed lower, led by losses in utilities, communication services, and financials, while energy and real estate stocks rose.
The Dow Jones Industrial Average dipped 0.61% to close at 41,794.60, the S&amp;P 500 fell 0.28% to 5,712.69, and the Nasdaq Composite declined 0.33% to finish at 18,179.98.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 gained 1.42% and ended the session at 38,595.50, led by gains in the Glass, Transportation Equipment, and Banking sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.40% and ended the day at 8,131.80, led by losses in the Gold, Utilities, and Financial sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 0.85% at 24,199.05, and Nifty 500 was up 0.63% at 22,661.00, led by gains in the Metals, Banking, and Oil &amp; Gas sectors shares.</li>
<li>China&#8217;s Shanghai Composite rose 2.32% to close at 3,386.99, and the Shenzhen CSI 300 gained 2.53%, finishing the day at 4,044.57.</li>
<li>Hong Kong&#8217;s Hang Seng climbed 2.14% and closed the session at 21,006.97.</li>
</ul>
Eurozone at 05.30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.05%.</li>
<li>Germany&#8217;s DAX declined 0.01%.</li>
<li>France&#8217;s CAC rose 0.04%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.25%.</li>
</ul>
Commodities at 05.30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.35% at $71.73/bbl, and Brent was up 0.36% at $75.33/bbl.</li>
<li>Oil prices stayed within a narrow range as markets awaited the U.S. presidential election, following a 2% rise after OPEC+ delayed a planned December production increase.</li>
<li>Natural Gas declined 0.36% to $2.771.</li>
<li>Gold was trading higher by 0.10% at $2,748.80, Silver gained 0.48% to $32.767, and Copper rose 0.85% to $4.4688.</li>
</ul>
U.S. Futures at 05.30 AM ET
Dow futures were up 0.13%, S&amp;P 500 futures gained 0.17%, and Nasdaq 100 Futures rose 0.27%.
Forex at 05.30 AM ET
<ul>
<li>The U.S. dollar index fell 0.12% to 103.77, the USD/JPY was up 0.05% to 152.20, and the USD/AUD declined 0.49% to 1.5110.</li>
<li>The dollar softened as election volatility spiked while traders awaited the Fed&#8217;s rate decision.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

On US Election Day, Asia Mostly In Green, Europe Mixed, Dollar Softens - Global Markets Today While US Slept

On Friday, November 1st, U.S. markets closed higher, rebounding from Thursday&#8217;s drop as Amazon&#8217;s strong earnings provided a boost despite weak October job growth in the U.S.
Amazon&#8217;s solid retail sales helped offset investor worries, while Apple faced pressure due to declining China sales. Other tech giants, including Meta and Microsoft, had reported earnings with caution over AI infrastructure costs, impacting the Nasdaq earlier.
Economic data showed that the U.S. economy added 2,000 jobs, a notable drop from the revised 223,000 positions added in September and falling short of the anticipated 113,000. Average hourly wages rose by 0.4% to $35.46, while the unemployment rate held steady at 4.1%.
The majority of S&amp;P 500 sectors ended down Friday, led by losses in utilities, energy, and real estate, while consumer discretionary and tech stocks closed higher.
The Dow Jones Industrial Average gained 0.69% to close at 42,052.19, the S&amp;P 500 rose 0.41% to 5,728.80, and the Nasdaq Composite increased 0.80% to finish at 18,239.92.
Asia Markets Today
<ul>
<li>Japan Markets closed for the Culture Day holiday.</li>
<li>On Monday, Australia&#8217;s S&amp;P/ASX 200 gained 0.56% and ended the day at 8,164.60, led by gains in the IT, Utilities, and Telecoms Services sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.29% at 23,989.65, and the Nifty 500 was down 1.38% at 22,508.65.</li>
<li>China&#8217;s Shanghai Composite rose 1.17% to close at 3,310.21, and the Shenzhen CSI 300 gained 1.41%, finishing the day at 3,944.76.</li>
<li>Hong Kong&#8217;s Hang Seng gained 0.30% and closed the session at 20,567.52.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.27%.</li>
<li>Germany&#8217;s DAX gained 0.15%.</li>
<li>France&#8217;s CAC rose 0.40%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.63%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 2.33% at $71.10/bbl, and Brent was up 2.19% at $74.70/bbl.</li>
<li>Oil prices rose as OPEC+ postponed its planned output increase, signaling support amid weak demand. This gain occurs as markets prepare for a significant week, with the U.S. presidential election, potential Federal Reserve rate cuts, and key economic decisions from China&#8217;s Congress.</li>
<li>Natural Gas declined 1.01% at $2.636.</li>
<li>Gold was trading higher by 0.07% at $2,751.15, Silver gained 0.65% to $32.883, and Copper rose 0.87% to $4.4095.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures were up 0.09%, S&amp;P 500 futures gained 0.22%, and Nasdaq 100 Futures rose 0.21%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. dollar index fell 0.54% to 103.72, the USD/JPY was down 0.76% to 151.82, and the USD/AUD gained 0.30% to 1.5169.</li>
<li>The dollar fell as markets reacted to a surprise poll showing Kamala Harris leading, boosting investor sentiment for continuity. Uncertainty surrounding the close U.S. election and potential Fed rate cut also contributed to caution in currency markets.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed, Europe Market Gains In US Election Week; Crude Oil Up 2% - Global Markets Today While US Slept

On Thursday, October 31st, U.S. markets closed lower as Microsoft and Meta highlighted rising AI-related costs that could affect future earnings, dampening optimism for megacap stocks that have driven this year&#8217;s rally. Meta and Microsoft shares both slipped despite beating earnings estimates, while Amazon and Apple reported strong quarterly results after market close, bolstered by growth in cloud services and iPhone sales, respectively.
According to economic data, U.S. initial jobless claims fell by 12,000 to 216,000 for the week ending October 26th, while the personal consumption expenditure price index rose by 0.2% in September, up from a 0.1% increase in August.
S&amp;P 500 sectors fell, led by information technology, consumer discretionary, and real estate, while utilities and energy stocks closed higher.
The Dow Jones Industrial Average dipped 0.90% to close at 41,763.46, the S&amp;P 500 declined 1.86% to 5,705.45, and the Nasdaq Composite fell 2.76% to finish at 18,095.15.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed lower by 2.79% at 38,009.50, led by losses in the Transportation Equipment, Rubber, and Pharmaceutical Industry sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.50% and ended the day at 8,118.80, led by losses in the Transportation Equipment, Rubber, and Pharmaceutical Industry sectors.</li>
<li>India markets are closed for the Diwali Holiday.</li>
<li>China&#8217;s Shanghai Composite fell 0.22% to close at 3,272.57, and the Shenzhen CSI 300 slid 0.03%, finishing the day at 3,890.90.</li>
<li>Hong Kong&#8217;s Hang Seng gained 0.93% and closed the session at 20,506.43.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.59%.</li>
<li>Germany&#8217;s DAX gained 0.56%.</li>
<li>France&#8217;s CAC rose 0.52%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.56%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 2.63% at $71.08/bbl, and Brent was up 2.40% at $74.56/bbl.</li>
<li>Oil prices rose over +2% amid reports of Iran preparing a retaliatory strike on Israel from Iraq. The increase was also supported by expectations that OPEC+ might delay planned production hikes.</li>
<li>Natural Gas rose 0.07% at $2.792.</li>
<li>Gold was trading higher by 0.34% at $2,758.65, Silver gained 0.41% to $32.935, and Copper rose 0.60% to $4.3660.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were up 0.27%, S&amp;P 500 futures gained 0.35%, and Nasdaq 100 Futures rose 0.40%.
Forex at 06.00 AM ET
<ul>
<li>The U.S. dollar index rose 0.16% to 104.15, the USD/JPY rose 0.48% to 152.77, and the USD/AUD gained 0.26% to 1.5235.</li>
<li>The dollar steadied after its strongest month in two years as investors awaited U.S. jobs data. The yen softened, giving up recent gains ahead of Japan&#8217;s three-day weekend and key risk events.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia In Red, Europe Markets Gain; Crude Oil Rises 2.5% - Global Markets Today While US Slept

On Wednesday, October 30th, U.S. markets closed in red, weighed down by declines in chip stocks as investors awaited a wave of corporate earnings. Microsoft and Meta reported earnings post-close, both exceeding revenue estimates, while Alphabet gained after surpassing third-quarter revenue and profit expectations earlier in the week.
U.S. economic data showed third-quarter GDP grew at a 2.8% annualized rate, slightly below the forecasted 3.0%. U.S. private payrolls exceeded expectations, adding 233,000 jobs in October.
The Dow Jones Industrial Average dipped 0.22% to close at 42,141.54, the S&amp;P 500 declined 0.33% to 5,813.67, and the Nasdaq Composite fell 0.56% to finish at 18,607.93.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed lower by 0.59% at 39,099.50, led by losses in the Transportation Equipment, Rubber, and Pharmaceutical Industry sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.25% and ended the day at 8,160.00, led by losses in the Consumer Staples, Utilities and Materials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.42% at 24,238.50 and Nifty 500 was down 0.19% at 22,707.45.</li>
<li>China&#8217;s Shanghai Composite rose 0.42% to close at 3,279.82, and the Shenzhen CSI 300 gained 0.04%, finishing the day at 3,891.04.</li>
<li>Hong Kong&#8217;s Hang Seng declined 0.31% and closed the session at 20,317.33.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.76%.</li>
<li>Germany&#8217;s DAX declined 0.51%.</li>
<li>France&#8217;s CAC fell 0.81%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.71%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.38% at $68.87/bbl, and Brent was up 0.39% at $72.44/bbl.</li>
<li>Oil prices rose, extending a rally fueled by optimism about U.S. fuel demand following unexpected drops in crude and gasoline inventories.</li>
<li>Natural Gas fell 1.86% at $2.792.</li>
<li>Gold was trading lower by 0.53% at $2,786.20, Silver declined 1.27% to $33.645, and Copper rose 0.02% to $4.3515.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were down 0.46%, S&amp;P 500 futures fell 0.78%, and Nasdaq 100 Futures declined 1.05%.
Forex at 06.00 AM ET
The U.S. dollar index slid 0.05% to 103.95, the USD/JPY was down 0.68% to 152.36, and the USD/AUD gained 0.07% to 1.5221.
Photo by Pavel Bobrovskiy via Shutterstock

Asia Ex-China And Europe Markets Dip; Crude Extends Gains While Dollar Softens - Global Markets Today While US Slept

On Tuesday, October 29, U.S. markets closed mixed: the Nasdaq reached a record high, the S&amp;P 500 gained, and the Dow declined as investors evaluated earnings reports. Alphabet&#8217;s strong revenue, along with upcoming results from other &#8220;Magnificent Seven&#8221; tech giants, will determine if Wall Street&#8217;s optimism for AI and tech can sustain recent index gains.
Economic data showed the S&amp;P CoreLogic Case-Shiller index rose 5.2% year-over-year in August, down from July&#8217;s 5.9%. U.S. wholesale inventories dipped 0.1% in September, while the trade deficit widened to $108.2 billion from $94.2 billion.
S&amp;P 500 sectors closed lower, led by losses in energy, consumer staples, and utilities, while information technology and communication services stocks outperformed.
The Dow Jones Industrial Average dipped 0.36% to close at 42,233.05, the S&amp;P 500 gained 0.16% to 5,832.92, and the Nasdaq Composite rose 0.78% to finish at 18,712.75.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 closed higher by 1.16% at 39,332.00, led by gains in the Shipbuilding, Finance &amp; Investment and Banking sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.83% and ended the day at 8,180.40, led by losses in the Consumer Staples, Consumer Discretionary, and Healthcare sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.48% at 24,350.30 and Nifty 500 was down 0.20% at 22,750.05.</li>
<li>China&#8217;s Shanghai Composite fell 0.61% to close at 3,266.24, and the Shenzhen CSI 300 fell 0.90%, finishing the day at 3,889.45.</li>
<li>Hong Kong&#8217;s Hang Seng declined 1.55% and closed the session at 20,380.64.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.88%.</li>
<li>Germany&#8217;s DAX declined 0.59%.</li>
<li>France&#8217;s CAC fell 1.09%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.22%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.76% at $67.69/bbl, and Brent was up 0.71% at $71.22/bbl.</li>
<li>Natural Gas fell 0.21% at $2.853.</li>
<li>Gold was trading higher by 0.58% at $2,797.30, Silver gained 0.03% to $34.453, and Copper slid 0.09% to $4.3567.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were up 0.03%, S&amp;P 500 futures rose 0.19%, and Nasdaq 100 Futures increased 0.14%.
Forex at 06.00 AM ET
The U.S. dollar index slid 0.18% to 104.12, the USD/JPY was down 0.30% to 152.91, and the USD/AUD fell 0.37% to 1.5186.
Photo by Pavel Bobrovskiy via Shutterstock

Asia Ex-Japan And Europe Markets Dip; Gold Clocks New High, Dollar Softens - Global Markets Today While US Slept

On Monday, October 28th, U.S. markets closed higher, driven by anticipation for a wave of earnings reports from major tech companies and relief that energy supplies remained steady despite geopolitical tensions. Key stocks like Alphabet, Meta, and Apple gained ahead of their earnings, with investors focused on AI spending and 2024 capital expenditure plans.
Economic data showed that the Federal Reserve Bank of Dallas reported that Texas' manufacturing business activity index improved to -3 in October, up from -9 in September.
Most S&amp;P 500 sectors closed higher, led by gains in financials, materials, and utilities, while tech and energy declined.
The Dow Jones Industrial Average rose 0.65% to close at 42,387.57, the S&amp;P 500 gained 0.27% to 5,823.52, and the Nasdaq Composite was up 0.26% and ended the session at 18,567.19.
Asia Markets Today
<ul>
<li>On Tuesday, Japan's Nikkei 225 closed higher by 0.60% at 38,882.50, led by gains in the Pharmaceutical Industry, Automobiles &amp; Parts and Precision Instruments sectors.</li>
<li>Australia's S&amp;P/ASX 200 gained 0.34% and ended the day at 8,249.20,  led by gains in the Gold, Consumer Discretionary and IT sectors.</li>
<li>India's Nifty 50 traded higher by 0.51% at 24,463.75 and Nifty 500 was up 0.65% at 22,796.95.</li>
<li>China's Shanghai Composite fell 1.08% to close at 3,286.41 and the Shenzhen CSI 300 slid 1.00%, finishing the day at 3,924.65.</li>
<li>Hong Kong's Hang Seng gained 0.49% and closed the session at 20,701.14.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.55%.</li>
<li>Germany's DAX gained 0.53%.</li>
<li>France's CAC rose 0.74%.</li>
<li>U.K.'s FTSE 100 index traded higher by 0.42%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.68% at $67.85/bbl, and Brent was up 0.66% at $71.49/bbl.</li>
<li>Oil prices edged higher after a 6% drop in the previous session, with support from a U.S. plan to purchase oil for the Strategic Petroleum Reserve. However, ongoing concerns about weak demand growth and limited Middle East escalation weighed on prices.</li>
<li>Natural Gas fell 1.26% at $2.827.</li>
<li>Gold was trading higher by 0.27% at $2,763.45, Silver rose 0.67% to $34.233, and Copper gained 1.05% to $4.4088.</li>
</ul>
US Futures at 05.45 AM ET
Dow futures were up 0.01%, S&amp;P 500 futures rose 0.01%, and Nasdaq 100 Futures increased 0.06%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. Dollar Index slid 0.07% to 104.23, USD/JPY was up 0.08% at 153.40 and USD/AUD gained 0.15% to 1.5212.</li>
<li>Asian markets were mixed as investors awaited key U.S. tech earnings and jobs data. The dollar hovered near a three-month high, supported by strong U.S. economic indicators and election expectations. Japanese yen stabilized post-election, while crude prices remained low amid reduced Middle East conflict concerns.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia Markets Mixed, Europe Up, While Crude Oil Rebounds - Global Markets Today While US Slept

On Friday, October 25th, U.S. markets closed mixed, with the Nasdaq ending higher, boosted by megacap stocks such as Tesla, Amazon, Apple, and Microsoft, as investors looked ahead to key earnings reports.
Tesla&#8217;s upbeat sales forecast rekindled optimism in tech stocks, while chip giant Nvidia briefly surpassed Apple in market value. Rising Treasury yields and upcoming employment data fueled speculation on potential Fed rate cuts.
According to economic data, U.S. consumer sentiment rose to 70.5 in October, while durable goods orders fell 0.8% to $284.8 billion in September, matching August&#8217;s decline.
Most S&amp;P 500 sectors closed lower, led by declines in financials, real estate, and utilities, while information technology and communication services outperformed, ending the session higher.
The Dow Jones Industrial Average dipped 0.61% to close at 42,114.40, the S&amp;P 500 slid 0.03% to 5,808.10, while the Nasdaq Composite rose 0.56% to finish at 18,518.61.
Asia Markets Today
<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 closed higher by 2.01% at 38,650.50, led by gains in the Manufacturing, Textile and Electrical/Machinery sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.12% and ended the day at 8,221.50,  led by gains in the I.T., Consumer Discretionary, and Metals &amp; Mining sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 0.65% at 24,339.15 and Nifty 500 was up 0.67% at 22,649.95.</li>
<li>China&#8217;s Shanghai Composite rose 0.68% to close at 3,322.20, and the Shenzhen CSI 300 gained 0.20%, finishing the day at 3,964.16.</li>
<li>Hong Kong&#8217;s Hang Seng gained 0.04% and closed the session at 20,599.36.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.25%.</li>
<li>Germany&#8217;s DAX gained 0.12%.</li>
<li>France&#8217;s CAC rose0.47%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.06%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 6.38% at $67.23/bbl, and Brent was down 6.03% at $71.06/bbl.</li>
<li>Oil prices dropped sharply on Monday after Israel&#8217;s airstrikes bypassed critical oil and nuclear sites, alleviating immediate supply concerns. Reduced geopolitical risk played a key role, shifting the focus to potential delays in OPEC+ production quotas due to weaker market fundamentals.</li>
<li>Natural Gas fell 3.17% to $2.994.</li>
<li>Gold was trading lower by 0.45% at $2,742.30, Silver declined 0.70% to $33.550, and Copper slid 0.34% to $4.3555.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were up 0.53%, S&amp;P 500 futures rose 0.65%, and Nasdaq 100 Futures increased 0.85%.
Forex at 06.00 AM ET
The U.S. Dollar Index slid 0.01% to 104.25, USD/JPY was up 0.30% at 152.76, and USD/AUD gained 0.12% to 1.5147.
Photo by Pavel Bobrovskiy via Shutterstock

Oil Prices Drop Over 6% As Supply Fears Ease; Asia And Europe market Up - Global Markets Today While US Slept

On Thursday, Oct. 25, U.S. markets closed mixed. The Nasdaq and S&amp;P 500 gained on Tesla&#8217;s surge and optimistic earnings forecast, adding $140 billion to its market cap.
Despite easing Treasury yields, sentiment remained cautious as other sectors declined on mixed corporate results.
According to the economic data, U.S. initial jobless claims fell by 15,000 to 227,000 for the week ending Oct. 19, below the expected 242,000. October&#8217;s S&amp;P Global flash manufacturing PMI rose to 47.8, while services PMI increased to 55.3.
The S&amp;P 500&#8217;s sectors closed largely negative, with materials, industrials, and utilities seeing the biggest losses. However, consumer discretionary and communication services stocks defied the trend, closing higher.
The Dow Jones Industrial Average dipped 0.33% to close at 42,374.36, the S&amp;P 500 gained 0.21% to 5,809.86, and the Nasdaq Composite rose 0.76% to finish at 18,415.49.
Asia Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed lower by 0.76% at 37,889.00, led by losses in the Power, Paper &amp; Pulp, and Communication sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.06% and ended the day at 8,211.30, led by gains in the IT, Healthcare and Metals &amp; Mining sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.77% at 24,207.00 and Nifty 500 was down 1.16% at 22,523.50.</li>
<li>China&#8217;s Shanghai Composite rose 0.59% to close at 3,299.70, and the Shenzhen CSI 300 gained 0.70%, finishing the day at 3,956.42.</li>
<li>Hong Kong&#8217;s Hang Seng gained 0.49% and closed the session at 20,590.15.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was up 0.11%.</li>
<li>Germany&#8217;s DAX gained 0.11%.</li>
<li>France&#8217;s CAC fell 0.03%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.07%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.47% at $70.53/bbl, and Brent was up 0.47% at $74.72/bbl.</li>
<li>Natural Gas fell 0.44% at $2.511.</li>
<li>Gold was trading lower by 0.54% at $2,733.85, Silver declined 1.27% to $33.370, and Copper slid 0.28% to $4.3390.</li>
</ul>
US Futures at 06.00 AM ET
Dow futures were up 0.19%, S&amp;P 500 futures rose 0.24%, and Nasdaq 100 Futures increased 0.27%.
Forex at 06.00 AM ET
The U.S. Dollar Index slid 0.01% to 104.06, USD/JPY was up 0.10% at 151.97, and USD/AUD gained 0.15% to 1.5082.
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed, Europe Up; Dollar Index Steady While Oil Ticks Higher - Global Markets Today While US Slept

On Wednesday, October 24th, U.S. markets closed in red as rising Treasury yields weighed on mega-cap stocks and dampened hopes for significant Federal Reserve rate cuts. Corporate news impacted McDonald&#8217;s and Coca-Cola, while 10-year U.S. Treasury yields hit a three-month high.
Economic data shows that U.S. existing home sales fell by 1% in September compared to the previous month, bringing the annualized rate to 3.84 million.
S&amp;P 500 sectors closed lower Wednesday, led by losses in consumer discretionary, tech, and communication services, while real estate and utilities ended higher.
The Dow Jones Industrial Average dipped 0.96% to close at 42,514.95, the S&amp;P 500 slipped 0.92% to 5,797.40, while the Nasdaq Composite fell 1.60% to finish at 18,276.65
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed higher by 0.26% at 38,177.50, led by gains in the Transport, Rubber, and Paper &amp; Pulp sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.12% and ended the day at 8,206.30, led by losses in the I.T., Gold and Metals &amp; Mining sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.12% at 24,406.45 and Nifty 500 was down 0.22% at 22,790.15.</li>
<li>China&#8217;s Shanghai Composite fell 0.68% to close at 3,280.26, and the Shenzhen CSI 300 declined 1.12%, finishing the day at 3,928.83.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 1.30% and closed the session at 20,489.62.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was up 0.66%.</li>
<li>Germany&#8217;s DAX gained 0.47%.</li>
<li>France&#8217;s CAC rose 0.66%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.64%.</li>
<li>European stock markets edged higher as investors focused on third-quarter earnings and regional economic data. Investors are closely watching eurozone PMI readings amid concerns about growth, with weak data potentially pushing the ECB toward further rate cuts.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 2.09% at $702.25/bbl, and Brent was up 2.00% at $76.46/bbl.</li>
<li>Oil prices rose over 2%, recovering from previous losses, as geopolitical tensions in the Middle East and reports of North Korean troops aiding Russia in Ukraine kept traders cautious.</li>
<li>Natural Gas rose 1.54% at $2.378.</li>
<li>Gold was trading higher by 0.72% at $2,748.95, Silver gained 1.70% to $34.413, and Copper rose 0.96% to $4.3780.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures were down 0.10%, S&amp;P 500 futures rose 0.42%, and Nasdaq 100 Futures increased 0.76%.
Forex at 05.45 AM ET
The U.S. dollar index slid 0.25% to 104.19, the USD/JPY was down 0.52% to 151.97, and the USD/AUD declined 0.31% to 1.5028.
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed, Europe Gains, Crude Oil Jumps 2% On Geopolitical Concerns, Gold Advances - Global Markets Today While US Slept

On Tuesday, October 22nd, U.S. markets closed mixed as investors focused on rising Treasury yields and anticipated upcoming earnings reports to gauge the health of American companies.
The Nasdaq eked out a modest gain, while the Dow and S&amp;P 500 saw slight declines. Treasury yields, particularly the 10-year note, reached 4.222%, their highest since July, as markets reassessed the Federal Reserve&#8217;s policy path.
According to the economic data, the composite manufacturing index for the U.S. Fifth District was reported at -14 in October, an improvement from the previous month&#8217;s reading of -21.
Most S&amp;P 500 sectors ended lower, with industrials, materials, and utilities suffering the biggest losses and consumer staples and communication services gaining.
The Dow Jones Industrial Average dipped 0.02% to close at 42,924.89, the S&amp;P 500 slipped 0.05% to 5,851.20, while the Nasdaq Composite edged up 0.18% to finish at 18,573.13.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 closed lower by 0.85% at 38,079.50, led by losses in the Shipbuilding, Power, and Banking sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.13% and ended the day at 8,216.00, led by gains in the Consumer Staples, Gold, and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.20% at 24,422.30, while Nifty 500 was up 0.06% at 22,829.80.</li>
<li>China&#8217;s Shanghai Composite rose 0.52% to close at 3,302.80, and the Shenzhen CSI 300 gained 0.39%, finishing the day at 3,973.21.</li>
<li>Hong Kong&#8217;s Hang Seng gained 1.27% and closed the session at 20,760.15.</li>
</ul>
Eurozone at 05.45 AM ET
<ul>
<li>The European STOXX 50 index was down 0.23%.</li>
<li>Germany&#8217;s DAX declined 0.01%.</li>
<li>France&#8217;s CAC fell 0.36%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.20%.</li>
</ul>
Commodities at 05.45 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.13% at $70.92/bbl, and Brent was down 1.08% at $75.22/bbl.</li>
<li>Oil prices fell after U.S. crude inventories rose more than expected, though futures remain up this week due to the ongoing Middle East conflict.</li>
<li>Natural Gas fell 1000% at $2.288.</li>
<li>Gold was trading higher by 0.19% at $2,765.15, Silver declined 0.74% to $34.782, and Copper slipped 0.86% to $4.3432.</li>
<li>Gold prices surged to a record high, driven by investor demand amid Middle East tensions, despite a strong dollar and rising U.S. Treasury yields.</li>
</ul>
U.S. Futures at 05.45 AM ET
Dow futures were down 0.40%, S&amp;P 500 futures fell 0.18%, and Nasdaq 100 Futures slid 0.27%.
Forex at 05.45 AM ET
<ul>
<li>The U.S. dollar index rose 0.25% to 104.33, the USD/JPY rose 1.10% to 152.72, and the USD/AUD gained 0.37% to 1.5022.</li>
<li>The U.S. dollar surged to near three-month highs, driven by rising Treasury yields, diminished expectations for Fed rate cuts, and increased confidence in a Trump election victory, boosting safe-haven demand.</li>
</ul>
Image via Shutterstock

Asia Markets Mixed, Europe Slips, Oil Falls On Inventory Surge, Dollar Gains To 3-Month High - Global Markets Today While US Slept

On Monday, October 21st, U.S. markets closed mixed, with the Dow and S&amp;P 500 declining. This ended a six-week winning streak as rising Treasury yields and high valuations raised investor caution ahead of key earnings reports. Nvidia boosted the Nasdaq, while Tesla and other rate-sensitive tech stocks slipped.
Boeing surged as news emerged that <a target="_blank" href="https://www.benzinga.com/news/24/10/41433623/boeing-stock-rises-ahead-of-wednesdays-union-vote-will-investors-breathe-a-sigh-of-relief" rel="noreferrer noopener">workers might vote</a> on a deal to end a costly five-week strike, while Spirit Airlines <a target="_blank" href="https://www.benzinga.com/news/24/10/41432467/why-spirit-airlines-stock-is-taking-off-monday" rel="noreferrer noopener">soared after securing an agreement</a> to extend its debt refinancing deadline by two months.
Most S&amp;P 500 sectors closed lower on Monday, with real estate, health care, and financials leading the losses. Meanwhile, tech stocks outperformed, finishing higher.
The Dow Jones Industrial Average declined 0.80% and closed at 42,931.60. The S&amp;P 500 ended the day lower by 0.18% at 5,853.98, while the Nasdaq Composite rose 0.27%, finishing the session at 18,540.01.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed lower by 1.60% at 38,405.50, led by 38,405.50, led by losses in the Chemical, Petroleum &amp; Plastic, Rubber and Power sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 1.68% and ended the day at 8,205.70, led by losses in the Healthcare, A-REITs and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.25% at 24,472.10, and Nifty 500 was down 1.93% at 22,814.45.</li>
<li>China&#8217;s Shanghai Composite rose 0.54% to close at 3,285.87, and the Shenzhen CSI 300 gained 0.57%, finishing the day at 3,957.78.</li>
<li>Hong Kong&#8217;s Hang Seng gained 0.10% and closed the session at 20,498.95.</li>
</ul>
Eurozone at 06.00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.47%.</li>
<li>Germany&#8217;s DAX declined 0.22%.</li>
<li>France&#8217;s CAC fell 0.80%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.74%.</li>
</ul>
Commodities at 06.00 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.94% at $70.69/bbl, and Brent was up 0.82% at $74.90/bbl.</li>
<li>Oil prices steadied as U.S. diplomatic efforts to push for a Middle East ceasefire and weak demand growth in China weighed on the market.</li>
<li>Natural Gas was up 1.60% at $2.348.</li>
<li>Gold was trading higher by 0.27% at $2,746.15, Silver rose 0.92% to $34.392, and Copper gained 0.67% to $4.3885.</li>
<li>Gold prices rose near record highs amid uncertainty about the U.S. election, Middle East tensions, and expected interest rate cuts.</li>
</ul>
U.S. Futures at 06.00 AM ET
Dow futures were down 0.47%, S&amp;P 500 futures fell 0.01%, and Nasdaq 100 Futures slid 0.65%.
Forex at 06.00 AM ET
The U.S. Dollar Index slid 0.02% to 104.00, USD/JPY was down 0.01% at 150.81, and USD/AUD declined 0.39% to 1.4960.
Photo by Pavel Bobrovskiy via Shutterstock

Asia Mixed, Europe Slips, Gold Near Record High - Global Markets Today While US Slept

Trump victory is a win for Japan equities, a loss for China – analyst

As of the end of 2023, companies listed in the U.S. accounted for 59% of global stock market value.

The S&P 500 Makes Up 51% Of Global Stock Market Value

FX: Some Clarity Returns

Emerging markets show promise this November due to supportive monetary policies, the rise of new markets, and a strategic shift away from U.S. equities, enhancing portfolio diversification and potential returns. Therefore, it may be wise to invest in strong emerging market ETFs: iShares MSCI Emerging Markets (EEM), iShares Core MSCI Emerging Markets (IEMG), and Vanguard Emerging Markets (VWO). Read more... Emerging markets are positioned for impressive growth in 2024, supported by higher growth rates, favorable monetary policies, attractive bond yields, and expected credit rating upgrades. As advanced economies face challenges, emerging markets shine, making these ETFs, ideal vehicles for tapping into growth in new regions, and an excellent choice for diversifying global portfolios.
Therefore, leading emerging market ETFs: iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>), iShares Core MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/IEMG/">IEMG</a>), and Vanguard Emerging Markets Stock Index Fund (<a href="https://stocknews.com/stock/VWO/">VWO</a>), could see significant outperformance in November.
Emerging market ETFs are becoming increasingly appealing as global monetary easing and a shift away from U.S. equities create strong growth opportunities, even amidst risks like political instability and currency fluctuations. Notably, S&amp;P Global projects real GDP growth for emerging markets (excluding China) at 3.9% in 2024 and <a href="https://www.spglobal.com/ratings/en/research/articles/240924-economic-outlook-emerging-markets-q4-2024-lower-interest-rates-help-as-pockets-of-risk-rise-13259516#:~:text=Chart%204-,Forecast%20Update,projections%20(see%20table%202).">4.3% in 2025</a>, underscoring the potential of these investments.
Meanwhile, the U.S. economy remains strong, bolstered by robust corporate profits. The Federal Reserve's interest rate cuts this year have further supported economic growth, fueling a stock market rally. As the Fed is expected to lower rates by <a href="https://www.reuters.com/markets/us/fed-seen-course-rate-cuts-after-weak-jobs-data-2024-11-01/">25 basis points in November</a>, this move is likely to enhance investor confidence and positively influence emerging market ETFs.
Furthermore, investing in emerging market ETFs can add stability and growth to one's portfolio, especially as lower interest rates drive gains in technology stocks, presenting a valuable opportunity. With these favorable trends in mind, let's take a closer look at the fundamentals of the three highlighted emerging market ETFs.
Stock #3: iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>)
EEM is an exchange-traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in the public equity markets of emerging regions worldwide, focusing on stocks of companies across various sectors. The fund targets growth and value stocks of companies with diverse market capitalizations. It aims to track the performance of the MSCI Emerging Markets Index using a representative sampling technique.
With $18.15 billion in AUM, the fund has a total of 1,197 holdings. EEM's top holding is Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>) with a 9.52% weighting, followed by Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>), with a 4.20% weighting, and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>) with 2.29%.
EEM has an expense ratio of 0.70%, higher than the category average of 0.51%. It currently has a <a href="https://www.investopedia.com/terms/n/nav.asp">NAV</a> of $44.76. Its fund outflows came in at $1.53 billion over the past three months.
The fund's annual dividend of $1.04 yields 2.32% on the current share price. Its four-year average yield is 2.20%. Its dividend payouts have increased at a CAGR of 11% over the past three years and 3% over the past five years.
EEM has gained 17.4% over the past nine months and 18% over the past year to close the last trading session at $45.38.
EEM's strong outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The ETF has an overall rating of A, translating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
It has an A grade for Buy &amp; Hold and Trade. Of the 101 ETFs in the A-rated <a href="https://stocknews.com/category/emerging-markets-equities-etfs/">Emerging Markets Equities ETFs</a> group, it is ranked #3. To access all the POWR Ratings for EEM, <a href="https://stocknews.com/stock/EEM/">click here</a>.
Stock #2: iShares Core MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/IEMG/">IEMG</a>)
IEMG is an exchange-traded fund launched by BlackRock, Inc., and managed by BlackRock Fund Advisors. The fund invests in the public equity markets of global emerging regions, targeting stocks of companies across diversified sectors. It includes growth and value stocks of companies across various market capitalizations. The fund seeks to track the performance of the MSCI Emerging Markets Investable Market Index using a representative sampling technique.
With $82.80 billion in assets under management (AUM), IEMG's top holding is TSM with an 8.28% weighting, followed by TCEHY, with a 3.66% weighting, and BABA, with 2.17%. IEMG has a total of 2,816 holdings.
IEMG has an expense ratio of 0.09%, lower than the category average of 0.51%. It currently has a NAV of $55.94. Its fund inflows came in at $1.48 billion over the past year.
The ETF pays an annual dividend of $1.49, which yields 2.66% on the current price. IEMG has a four-year average dividend yield of 2.72%. Its dividend payouts have increased at a CAGR of 7.6% over the past three years and 1.9% over the past five years.
IEMG has gained 17.8% over the past year and 16.3% over the past nine months to close the last trading session at $56.69.
IEMG's POWR Ratings reflect its promising prospects. The ETF's overall A rating equates to a Strong Buy in our proprietary rating system.
IEMG has an A grade for Buy &amp; Hold, and Trade and a B for Peer. In the Emerging Markets Equities ETFs, it is ranked #2. <a href="https://stocknews.com/stock/IEMG/">Click here</a> to access all of IEMG's POWR Ratings.
Stock #1: Vanguard Emerging Markets Stock Index Fund (<a href="https://stocknews.com/stock/VWO/">VWO</a>)
VWO is an exchange-traded fund launched and managed by The Vanguard Group, Inc. It invests in the public equity markets of global emerging regions. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalizations. The fund seeks to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index by using a representative sampling technique.
With $83.04 billion in assets under management (AUM), VWO's top holding is TSM with a 7.73% weighting, followed by TCEHY, with a 3.68% weighting, and BABA, with 2.41%. It has a total of 4,853 holdings.
It has an expense ratio of 0.08%, lower than the category average of 0.51%. It currently has a NAV of $46.71. Moreover, over the past three months, VWO's fund inflows came in at $965.09 million.
The fund's annual dividend of $1.21 yields 2.59% on the current share price. Its four-year average yield is 3.01%. VWO's dividend payouts have increased at a CAGR of 2.5% over the past three years and 1.2% over the past five years.
VWO has gained 20.2% over the past year and 19.8% over the past nine months to close the last trading session at $47.48.
VWO's POWR Ratings reflect this promising outlook. The VWO's overall A rating equates to a Strong Buy in our proprietary rating system.
VWO has an A grade for Buy &amp; Hold and Trade and a B for Peer. It is ranked first in the Emerging Markets Equities ETFs group. <a href="https://stocknews.com/stock/VWO/">Click here</a> to access all of VWO's POWR Ratings.
What To Do Next?
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<hr />
VWO shares were trading at $47.42 per share on Tuesday afternoon, up $0.69 (+1.48%). Year-to-date, VWO has gained 16.27%, versus a 22.32% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/vwo-iemg-eem-3-emerging-market-etfs-that-could-outperform-in-november/>3 Emerging Market ETFs That Could Outperform in November</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Emerging Market ETFs That Could Outperform in November

Emerging markets are expected to present with robust growth prospects in the near future. Thus, investors could add fundamentally stable ETFs, Vanguard Emerging Markets ETF (VWO), iShares MSCI Emerging Markets ETF (EEM), and Schwab Emerging Markets Equity ETF (SCHE), to their portfolios to capitalize on this growth this year. Read on… Policymakers in emerging markets have established ambitious goals for the next decade, emphasizing economic diversification, infrastructure development, and skills advancement. By 2035, these markets are poised to significantly influence the global economy, contributing approximately <a href="https://finance.yahoo.com/news/p-global-emerging-markets-set-145700325.html">65% of global economic growth</a>.
Considering this trajectory, investing in fundamentally stable exchange-traded funds (ETFs) that provide exposure to emerging markets could be wise. Notable ETFs include Vanguard FTSE Emerging Markets ETF (<a href="https://stocknews.com/stock/VWO/">VWO</a>), iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>), and Schwab Emerging Markets Equity ETF (<a href="https://stocknews.com/stock/SCHE/">SCHE</a>).
Large emerging markets are anticipated to play an increasingly vital role in driving global economic growth, propelled by demographic shifts and a burgeoning consumer class. Additionally, many smaller nations are forecasted to experience economic growth at double the global average over the next five years, fueled by abundant natural resource deposits and other favorable conditions.
For instance, Guyana, South America's third-smallest nation by land area, is projected to be the <a href="https://www.visualcapitalist.com/fastest-growing-emerging-markets-2024-2029/">world's fastest-growing economy</a> from now until 2029. The rapid growth stems from a significant discovery of oil deposits in 2015 by ExxonMobil, which has propelled the country's economy to quadruple in size over the past five years.
In Asia, Bangladesh, where 85% of exports come from the textiles industry, is expected to see the strongest growth. India, ranking eighth overall, is projected to achieve a 6.5% CAGR in real GDP through 2029. Favorable population trends, increased public investment, and robust consumer demand would drive this growth.
Looking ahead, economists at S&amp;P Global Ratings expect the Federal Reserve to continue easing monetary policy in the coming quarters, projecting a benchmark interest rate of 3.00% to 3.25% by the end of 2025. Lower U.S. interest rates typically encourage capital flows to higher-yielding assets, such as those found in emerging markets.
As these markets experience stronger economic growth, they would attract <a href="https://www.spglobal.com/ratings/en/research/articles/240924-economic-outlook-emerging-markets-q4-2024-lower-interest-rates-help-as-pockets-of-risk-rise-13259516">further capital inflows</a> as investors seek capital appreciation alongside higher interest rate returns. Given these promising trends, emerging market-focused ETFs present a compelling investment opportunity.
Now, let us examine the fundamentals of three ETFs that could offer exposure to emerging markets in 2024, starting with #3
ETF #3: Vanguard FTSE Emerging Markets ETF (<a href="https://stocknews.com/stock/VWO/">VWO</a>)
Launched and managed by The Vanguard Group, Inc., VWO targets public equity markets in emerging regions worldwide. The fund focuses on a diverse range of companies across various sectors. Utilizing representative sampling, it aims to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index.
With $83.70 billion in <a href="https://www.investopedia.com/terms/a/aum.asp">assets under management (AUM)</a>, VWO's top holdings include Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>) with a 7.73% weighting, followed by the U.S. Dollar at 3.76% weighting and Tencent Holdings Limited (<a href="https://stocknews.com/stock/TCEHY/">TCEHY</a>) at 3.68%.
VWO has an expense ratio of 0.08%, lower than the category average of 0.50%. Its net inflows came in at $1.06 billion over the past month. Furthermore, the fund has a beta of 0.69.
In addition, VWO has been paying dividends for 16 consecutive years. It pays an annual dividend of $1.21, which translates to a 2.56% yield at the current price level. Moreover, the fund's dividend payouts have grown at a CAGR of 2.5% over the past three years.
VWO has gained 11.5% over the past six months and 24.9% over the past year to close the last trading session at $47.19. The fund's NAV was <a href="https://investor.vanguard.com/investment-products/etfs/profile/vwo">$47.16 as of October 28, 2024</a>.
VWO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong prospects. The fund has an overall rating of A, translating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
VWO has an A grade for Buy &amp; Hold and Trade. It has topped the A-rated 101-stock <a href="https://stocknews.com/category/emerging-markets-equities-etfs/">Emerging Markets Equities ETFs</a> group.
To access all VWO's POWR Ratings, <a href="https://stocknews.com/stock/VWO/">click here</a>.
ETF #2: iShares MSCI Emerging Markets ETF (<a href="https://stocknews.com/stock/EEM/">EEM</a>)
Launched by BlackRock, Inc. (<a href="https://stocknews.com/stock/BLK/">BLK</a>) and managed by BlackRock Fund Advisors, EEM specializes in public equity markets in global emerging regions. The fund aims to replicate the MSCI Emerging Markets Index's performance using a representative sampling technique to ensure accurate market representation.
With an AUM of $18.37 billion, EEM's top holdings include TSM with a 10.07% weighting, followed by TCEHY at 4.38%, and Samsung Electronics Co., Ltd. at 2.41%. The ETF has a total of 1196 holdings, with its top 10 assets comprising 25.92% of its AUM. EEM's expense ratio is 0.70%. It has a beta of 0.74.
EEM pays an annual dividend of $1.04, which translates to a 2.30% yield at the current price level. The fund's dividend payouts have increased at a CAGR of 11% over the past three years. Moreover, it has paid dividends for 17 years straight.
EEM has surged 10.1% over the past six months and 24.1% over the past year to close the last trading session at $45.1232 The fund has a NAV of <a href="https://www.ishares.com/us/products/239637/ishares-msci-emerging-markets-etf">$45.25 as of October 28, 2024</a>.
EEM's POWR Ratings reflect its robust prospects. The fund has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Buy &amp; Hold and Trade. EEM is ranked #3 out of 101 ETFs in the Emerging Markets Equities ETFs group.
To check all the POWR Ratings for EEM, <a href="https://stocknews.com/stock/EEM/">click here</a>.
ETF #1: Schwab Emerging Markets Equity ETF (<a href="https://stocknews.com/stock/SCHE/">SCHE</a>)
SCHE, launched and managed by Charles Schwab Investment Management, Inc., invests in stocks included in the FTSE Emerging Index. By employing a representative sampling technique, SCHE seeks to track the FTSE Emerging Index's performance effectively.
With $9.57 billion in AUM, SCHE's top holdings are TSM with a 9.87% weighting, followed by TCEHY with a 4.19% weighting, and Alibaba Group Holding Limited (<a href="https://stocknews.com/stock/BABA/">BABA</a>) with a 2.56% weighting.
SCHE has a total of 2014 holdings, with its top 10 assets comprising 25.70% of its AUM. The fund has an expense ratio of 0.11%, lower than the category average of 0.50%. In addition, it has a beta of 0.68.
SCHE has been paying dividends for 11 consecutive years. It pays an annual dividend of $0.86, which translates to a 2.99% yield at the current price level. SCHE's dividend payouts have grown at a CAGR of 5.2% over the past three years.
SCHE has gained 12.6% over the past six months and 24.7% over the past year to close the last trading session at $28.69. The fund's NAV was <a href="https://www.morningstar.com/etfs/arcx/sche/quote">$28.72 as of October 28, 2024</a>.
SCHE's POWR Ratings reflect its strong fundamentals. The fund has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
SCHE has an A grade for Buy &amp; Hold and Trade. In the<a href="https://stocknews.com/category/foreign-large-cap-blend-etfs/"> B-rated </a><a href="https://stocknews.com/category/foreign-large-cap-blend-etfs/">Foreign Large Cap Blend ETFs</a> group, it is ranked #7 out of 75 ETFs.
<a href="https://stocknews.com/stock/SCHE/">Click here</a> to see all of SCHE's POWR Ratings.
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VWO shares were unchanged in premarket trading Tuesday. Year-to-date, VWO has gained 15.71%, versus a 23.16% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/vwo-eem-sche-3-etfs-to-buy-for-exposure-to-emerging-markets-in/>3 ETFs to Buy for Exposure to Emerging Markets in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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