Some countries in Asia and Europe closed their markets because it was Labor Day, a special day to celebrate workers. The US dollar became stronger compared to other currencies and gold became cheaper, going down to $2,300 per ounce. Oil prices also went down due to hopes of peace in the Middle East and more oil being made in the U.S. Read from source...

1. The headline is misleading and sensationalized. It implies that major markets in Asia and Europe are closed for Labor Day, but this is not true for all of them. For example, the U.K.'s FTSE 100 was open and trading higher by 0.12%.
2. The article does not provide any context or explanation for why gold dropped to $2,300. This could be due to a variety of factors, such as technical analysis, sentiment, or fundamental news. Without proper analysis, the drop in gold prices seems arbitrary and random.
3. The article does not mention the performance of other assets, such as bonds, cryptocurrencies, or alternative investments. It focuses solely on equities and commodities, which limits the scope and relevance of the report.
4. The article uses vague and ambiguous language to describe market movements. For example, it says that oil prices "fell more than 1%" without specifying by how much or why. This makes it hard for readers to understand the underlying causes and implications of the price changes.
5. The article does not provide any insights or recommendations based on the market data. It merely reports the numbers, which adds little value to investors who are looking for actionable advice.

Possible answer:

To answer your question, I have analyzed the article and extracted the relevant information for each of the markets mentioned. I have also considered the current market conditions and trends to provide you with a balanced and diversified portfolio of ETFs that can benefit from the global economic situation. Here are my recommendations and risks:

1. U.S. market: The U.S. market is expected to rebound after Labor Day, as investors anticipate positive earnings reports and economic data. The dollar strengthened against major currencies, boosting the demand for U.S. exports and corporate bonds. I recommend investing in the SPDR S&P 500 ETF (SPY) and the iShares Core U.S. Aggregate Bond ETF (AGG), as they offer exposure to the broad U.S. equity and fixed income markets, respectively. The risks are that the U.S. inflation and interest rates could rise further, hurting consumer spending and corporate profits.

2. Asia-Pacific market: The Asia-Pacific market is likely to recover from the recent sell-off, as China and Hong Kong reopen after Labor Day. The region is a major source of global growth and innovation, and has been resilient in the face of the pandemic. I recommend investing in the SmartETFs Asia Pacific Dividend Builder ETF (ADIV), which seeks to provide exposure to high-dividend-paying companies from Australia, China, Hong Kong, Japan and Singapore. The risks are that the regional geopolitical tensions, especially between China and Taiwan, could escalate and disrupt trade and supply chains.

3. Europe market: The European market is facing headwinds from the energy crisis, inflation and the Delta variant of COVID-19. However, some countries like Germany and France have shown signs of recovery, supported by strong consumer confidence and business activity. I recommend investing in the iShares MSCI Europe ETF (IEUR), which provides exposure to a diversified basket of European equities across different sectors and regions. The risks are that the eurozone sovereign debt crisis could worsen, as some countries struggle to repay their pandemic-related loans and stimulus packages.

4. Commodities market: The commodities market has been on a tear this year, driven by the global rebound in demand and supply chain disruptions. However, some commodities like oil, gold and copper have seen recent declines, as investors rotate into riskier assets and expect a easing of the inflationary pressures. I recommend