Article Hero

A potential vaccine made the markets go round - Tuesday Review, August 25

1598429151.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The global markets were high on hope

The US

The benchmarks have been pushed higher by a possible COVID-19 #vaccine and Jerome Powell's speech due on Thursday. USA30 fell 0.21%, while USA500 rose 0.36%. TECH100 closed at an all-time high after it gained 0.76%.

#Oil prices reached their highest level in almost six months as Hurricane Laura nearly hit a couple of refineries in the US. Crude Oil added 1.9% to $43.56 per barrel, while Brent inched up 1.6% to $46.39.

Gold settled down 0.8% at $1,923.10 per ounce. 

The Dollar Index fell by 0.2% at 93.061.


Asia and Australia

The stocks were boosted by the records reached by the American benchmarks amid the possible #COVID-19 vaccine. 

Japan225 reached a six-month high after it added 1.35%.

HongKong45 lost 0.17% after a man was found positive for COVID-19 for the second time, confirming, therefore, the hypothesis that reinfection is possible.

Australia200 gained 0.50% even though the Commonwealth Bank of Australia painted a bleak picture of the post-pandemic economic recovery. 

USD/JPY was up 0.20% to 106.19. 


Europe 

The markets followed its peers steps and ended the day on positive territory. Europe50 was up 0.4%, while UK100 added 0.3%. Germany30 rose 0.6%. 

EUR/USD traded 0.4% higher at $1.18325.

CAPEX.com gives you the possibility to trade everything you want, from CFDs on commodities to forex, to cryptocurrencies! Check-out the website and see what fits you best!

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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.