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The uncertainty caused by the election made the markets rally - Thursday Review, November 5

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 listopad 2020
The world still expects an outcome of the US presidential election

The US

Markets jumped even though the outcome of the presidential election is still unknown. USA30 rose 1.95%, while USA500 was up 1.96%. TECH100 gained 2.59%.

Crude Oil was down 0.8% at $38.84 per barrel. Brent inched 0.6% lower to $40.96.

Gold was up 2.7% at $1,947.65 per ounce.

The Dollar Index was at 93.362.

 

Asia and Australia

The stocks were up, given that the world is expecting an outcome of the US presidential election. The promising quarterly gains reported by Alibaba increased the momentum. HongKong45 jumped 2.35%.

Japan225 rose 1.7%, reaching a nine-month high.

Down under, Australia200 inched up 0.99%.

USD/JPY settled at 104.38.

 

Europe

The markets rallied ahead of an official result from the White House. Moreover, the Bank of England announced more fiscal stimulus to support the economy. Europe50 added 0.3%. Germany30 went up 1.1%, while France40 closed 0.9% higher. UK100 climbed 0.2%.

EUR/USD traded at 1.1759 after it gained 0.3%.

GBP/USD lost 0.3% to 1.2941.

Sources: reuters.com, investing.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.