A day of extremes for global markets - Thursday Review, September 3

A day of extremes for global markets - Thursday Review, September 3

The new French stimulus package made European markets close higher

The US

The benchmarks ended the day in the red territory, losses being driven by a drop of tech stocks. The #FAANG members lost up to 8% each, as it was the case of Apple. USA30 fell 2.78%. USA500 was down 3.46%, and TECH100 slumped 4.96%.

Gold lost 0.4% trading at $1,937.80 per ounce.

Oil traded 2.1% lower at $40.62 per barrel, while Brent Oil fell 2.2% to $43.45.


Asia and Australia

The indices traded in both directions, as data readings showed growth in the service sector. On the other hand, the US announced that the Chinese diplomats would need the State Department's approval before visiting US universities' campuses or holding cultural gatherings with more than 50 people.

HongKong45 fell 0.7%.

Japan225 and Australia200 gained 0.9% each.

USD/JPY ended the day at 106.25.


Europe

The news of a stimulus package released in France made investors gain some hope. Moreover, the German Chancellor Angela Merkel announced that the debt limit would be suspended for another year. France40 was up 1.8%. Europe50 added 1.7%, while Germany30 closed up 1.6%.

EUR/USD reported a loss of 0.14% to 1.1837.

EUR/GBP gained 0.54% to 0.8924.

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Sources: investing.com, seekingalpha.com, reuters.com


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