Wall Street rallied moved by a possible stimulus package

08:36, 25 September 2020

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

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.

Europe

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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