CNBC Daily Open: No news is good news
CNBC Traders on the floor of the NYSE, August 29, 2023.
Source: NYSE
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribehere.
What you need to know today
Good day, bad weekU.S. markets rose slightly Friday, helping the S&P 500 break a down streak of three days. But major indexes still finished the week lower. Europe's Stoxx 600 index added 0.22%, snapping its seven-day losing streak, the longest since February 2018. Still, the index has lost 1% last week, according to LSEG data.
G20's softer statementThe Group of 20 nations reached a joint communique highlighting the human suffering caused by Russia's war in Ukraine but left out more overt criticism from last year's statement, drawing Ukraine's condemnation. U.S. President Joe Biden and Indian Prime Minister Narendra Modi also announced a plan to develop a transport network that will connect India, the EU and Middle Eastern countries.
