A predominantly negative session for the global markets - Thursday Review, September 24

By: Miguel A. Rodriguez

11:36, 25 September 2020

Investors are starting to lose hope in a post-pandemic economic recovery

The US

The markets ended in the green despite the negative data presented by the Department of Labor. Investors are holding their breaths for another stimulus package.  USA30 added 0.20%, while USA500 went up 0.30%. TECH100 gained 0.37%. 

Crude Oil lost 0.8% and settled at $39.62 per barrel. Brent fell 0.7% to $41.48.

Gold closed 0.5% higher, at $1,876.90 per ounce. 

The Dollar Index closed 0.1% lower at 94.433 after it reached a two-month high during the day. 

Asia and Australia

The benchmarks closed in the red after surveys showed that the praised economic recovery is happening only in the wealthy coastal regions. 

Japan225 was down 0.78%.

HongKong45 fell 1.91%. 

Down under, Australia200 lost 1.13%.

USD/JPY closed at 105.44.


The markets closed lower, driven by both an investor’s fear of another wave of COVID-19 infections and a possible economic recovery stagnation. Germany30 and France40 lost 0.6% and 0.8%, respectively. UK100 traded 0.9% lower. 

EUR/USD gained 0.1% to 1.1672.

Sources: investing.com, reuters.com

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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.