A predominantly gloomy day for the global markets - Thursday Review, July 8

A predominantly gloomy day for the global markets - Thursday Review, July 8

Stocks broke their multi-day winning streak

The US

Wall Street lost some ground, with two major indexes pulling back from record highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery. USA30 fell 0.75%, and USA500 lost 0.86%. TECH100 dropped 0.72%.

Crude oil traded 1.5% lower at $71.12 a barrel.

Gold rose 0.2% to $1,806.15 per ounce.

Asia and Australia

Markets were mostly down as the number of COVID-19 started to increase in the region. Moreover, the minutes from the US Fed’s June meeting didn’t provide the expected outlook. Japan225 fell 0.70% ahead of a decision on declaring a fresh state of emergency that is expected to start on July 12 until August 22.

HongKong45 slid 1.92%.

Down under, Australia200 was up 0.28%.

Europe

Stocks traded lower ahead of the publication of the European Central Bank’s strategy review. Germany30 traded 1.4% lower, while France40 fell 1.8%. UK100 dropped 1.4%.

Brent oil lost 1.4% trading at $72.44 per barrel.

EUR/USD added 0.2% to 1.1814.

Sources: investing.com, reuters.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.