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Central banks pushed most equities higher - Tuesday Review, June 16

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Most markets regain their last week momentum.

The US

The benchmarks were pushed by the thought of an economic recovery. USA30 added 2%. USA500 gained 1.91%, while TECH100 rose 1.8%.

The oil price fell after data showed an increase in the crude and fuel inventories. Brent Oil dropped by 2.2% to $40.07 per barrel, while Oil lost 2.9% to $37.25. 

Gold added 0.4% to $1,735.90 per ounce.

The Dollar Index went up 0.07% to 97.002.

Asia and Australia

HongKong45 lost 0.06%, even though the government will ease the social distancing even more starting this Friday.

Japan225 lost 1.15% after the central bank's governor announced that the second wave of infections is possible. 

Australia’s ASX added 0.01%. 

USD/CNY closed the day higher by 0.11% to 7.0933. 

USD/JPY lost 0.04% to 107.28.

AUD/USD slid 0.27% to 0.6865.


The European benchmarks rallied yesterday, pushed by the central bank's support in fighting the pandemic's effects on the economy. UK100 added 2.3%, and Germany30 followed closely with an increase of 2.1%. France40 gained 1.8%. 

EUR/USD rose by 0.1% to 1.1325. 

GBP/USD lost 0.18% to 1.2551.

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Miguel A. Rodriguez
Miguel A. Rodriguez

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