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Blood and tears on the international markets - Thursday Review, May 21

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Benchmarks all over the world ended the day in the red.

The US

The American benchmarks reacted negatively after the Department of Labor released the unemployment claims, and the tensions between the US and China kept rising on. USA30 lost 0.41%, while USA500 dropped by 0.78%. The tech sector lost the most – TECH100 fell 0.97%. 

Oil rose 1.4% to $33.95 per barrel. Brent Oil fell by 4.3% to $34.50 per barrel.

Gold dropped by 1.5% to $1,725.20 per ounce.

ICE added 0.3% to 99.42.

Asia and Australia

HongKong45 reached a seven-week low, closing yesterday's session 3.7% lower after the Chinese government announced that it would impose national security legislation in Hong Kong. 

Japan225 lost 0.25%.

Australia’s ASX shed 0.77%. 

USD/CNY stood still at 7.1387. 

USD/JPY held its spot at 107.63.

AUD/USD declined 0.4% to settle at $0.6568.


The majority of European benchmarks closed the day on red. Europe50 lost 0.8%, and UK100 fell 0.9%. Italy40 was down 0.7%, while Germany30 lost the most – 1.4%.

EUR/USD traded at $1.0950, a 0.3% increase.

GBP/USD was steady at $1.227. 

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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. 

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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.