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A predominantly positive session for the global markets - Monday Review, September 28

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Miguel A. Rodriguez
Miguel A. Rodriguez
29 September 2020
The hope of a potential US stimulus package made the markets rise

The US

The benchmarks rallied after House Speaker Nancy Pelosi renewed investor hope for a new stimulus package. USA30 added 1.51%, and USA500 was up 1.66%. TECH100 gained 1.87%.

Gold was up 0.9% and settled at $1,879.37 per ounce. 

The Dollar Index was off 0.4% at 94.317.


Asia and Australia 

The markets ended the Monday trading session higher after the economic readings showed increased profit for industrial companies for the fourth consecutive month. 

Japan225 closed 1.3% higher. 

HongKong45 was up 0.37%.

Down under, Australia200 inched up 0.09% after it reported a decline in the daily number of COVID-19 cases. 

AUD/USD ended the session at 0.7052.


Europe

Despite the rising numbers of #COVID-19 infections, the indices closed in the green. Europe50 jumped 1.7%, while Germany30 traded 2.4% higher.

UK100 climbed 1.3%. 

EUR/USD was at 1.1629.

GBP/USD rose 0.3% to 1.2774.

Read more about what makes the markets move on CAPEX.com!

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. 

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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.