Central banks pushed most equities higher - Tuesday Review, June 16

Central banks pushed most equities higher - Tuesday Review, June 16

Most markets regain their last week momentum.

The US

The benchmarks were pushed by the thought of an economic recovery. USA30 added 2%. USA500 gained 1.91%, while TECH100 rose 1.8%.

The oil price fell after data showed an increase in the crude and fuel inventories. Brent Oil dropped by 2.2% to $40.07 per barrel, while Oil lost 2.9% to $37.25.

Gold added 0.4% to $1,735.90 per ounce.

The Dollar Index went up 0.07% to 97.002.


Asia and Australia

HongKong45 lost 0.06%, even though the government will ease the social distancing even more starting this Friday.

Japan225 lost 1.15% after the central bank's governor announced that the second wave of infections is possible.

Australia’s ASX added 0.01%.

USD/CNY closed the day higher by 0.11% to 7.0933.

USD/JPY lost 0.04% to 107.28.

AUD/USD slid 0.27% to 0.6865.


Europe

The European benchmarks rallied yesterday, pushed by the central bank's support in fighting the pandemic's effects on the economy. UK100 added 2.3%, and Germany30 followed closely with an increase of 2.1%. France40 gained 1.8%.

EUR/USD rose by 0.1% to 1.1325.

GBP/USD lost 0.18% to 1.2551.

Read more about what happens on the market and improve you trading strategies! Visit Capex.com!

Sources: investing.com, marketwatch.com, cnn.com


The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.