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Several markets fell short of the mark - Wednesday Review, July 1

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Markets were mixed at the start of the new quarter.

The US

The beginning of the new quarter was auspicious for the American indices. They were driven by the manufacturing data and the number of jobs created in the private sector: USA30 was flat, while USA500 added 0.73%. TECH100 gained 0.74%.

The data from the American Petroleum Institute pushed oil prices higher. Oil rose by 2.2% to $40.14 per barrel, while Brent added 2.1% to $42.12.

Gold lost some of Tuesday's momentum and traded at $1,779.90 per ounce.  

The Dollar Index slipped 0.04% to 97.118.

Asia and Australia

Japan225 fell 0.8% after real estate, and railway & bus sectors led shares lower once again. 

Down Under, ASX closed higher by 0.62% as the gains were led by A-REITs and IT sectors. 

USD/JPY was up 0.3% to 107.61.

AUD/USD lost 0.2% to 0.6890.

USD/CNY shed 0.01% to 7.0694.


Germany30 traded higher yesterday by 0.2% after retail sales data came better than expected. The increase in car sales wasn’t enough to give France40 momentum, which fell by 0.2%. UK100 slid 0.1% after airline stocks fell.

GBP/USD gained 0.09% to 1.2481.

See what happened on the markets at the beginning of the quarter! Visit!







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.