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A predominantly positive day for the global markets - Monday Review, October 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
13 October 2020
The upcoming Apple event rallied the markets

The US

The benchmarks were driven by the upcoming “Hi, Speed” Apple event. USA30 added 1.01%, while USA500 went up 2%. TECH100 added 3.22%.

Gold was up 0.19% to $1,929.95 per ounce.

Crude Oil fell 3.30% to $39.26 a barrel. Brent lost 3.01% and closed the session at $41.56.

The Dollar Index gained 0.02% to 93.082.

 

Asia and Australia

The markets were pushed by the banks’ decisions to reduce the yuan’s latest steep gains. HongKong45 gained 1.41%.

Japan225 lost 0.38%.

Down under, Australia200 went up 0.165.

 

Europe          

The hope of a US stimulus package made the markets rally. Europe50 ended the session 0.7% higher. Germany30 rose 0.67%.

EUR/USD dropped 0.12% to 1.1810.

Sources: investing.com, marketwatch.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.