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The technologic and banking sectors moved the markets - Thursday Review, August 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 září 2020
The US unemployment claims partially affected the global markets

The US

The markets ignored the high unemployment claims and focused on the gains brought by Nvidia and Tesla. USA30 rose 0.17%, while USA500 added 0.32%. TECH100 closed at a record high after it gained 1.06%. 

Gold lost 1.2% at $1,946.50 per ounce. 

Oil slid by 0.89% and traded at $42.55 per barrel. Brent Oil fell 0.77% to $45.02. 

The Dollar Index was steady at 92.983.


Asia and Australia

HongKong45 fell 1.28% as people are looking for additional monetary easing after the People’s Bank of China announced that it would keep the lending rate unchanged. 

Japan225 slid 1.06%

Down Under, Australia200 dropped 0.91% after the Australian regulators rejected some acquisitions that a Chinese company wanted to make. 

USD/CNY lost 0.1% to 6.9071. 

USD/JPY traded 0.2% lower at 105.57.


Europe

Unlike its American peers, the European benchmarks took the data received from the Department of Labor seriously and reacted accordingly. Europe50 lost 1.36%. Germany30 fell 1.31%, and UK100 was off 1.27%.

EUR/USD traded at 1.1801. 

GBP/USD added 0.2% to 1.3240. 

Read all about what’s happening on the global markets on CAPEX.com!

Sources: investing.com, marketwatch.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.