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A mixed session for the global markets - Wednesday Review, August 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The world is waiting to see if the US Congress will reach a consensus regarding the new stimulus package

The US

Even though lawmakers weren’t able to reach a consensus regarding the new stimulus package, the benchmarks ended the day on green territory. USA30 rose 1.05%, while USA500 gained 1.37%. TECH100 jumped 2.1%.

The latest data from the EIA (Energy Information Administration) regarding the crude inventories made oil gain some ground. Brent was up 1.5% at $45.17 per barrel, and Oil gained 1.5%, settling at $42.26.

Gold lost 1.6% and settled at $1,881.4 per ounce.


Asia and Australia

The uncertainty of a new stimulus package in the US reverberated in Asian markets.

Japan225 gained 0.2%, while HongKong45 fell 1.7% after data showed a decrease in the state’s money supply. 

Down under, Australia200 fell 0.11%.

USD/JPY traded at 107.27.

AUD/USD added 0.02% to 76.06.


Europe

European markets had a mixed session, with France40 gaining 0.2%, while Germany30 lost 0.2%.

Although the country entered a pandemic-induced recession, the British benchmark, UK100, closed the session 0.6% higher.

EUR/USD was flat at 1.1738.

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Sources: reuters.com, investing.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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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.