Coronavirus still haunts the markets - Wednesday Review, June 17

Coronavirus still haunts the markets - Wednesday Review, June 17

The majority of markets ended in the red as the number of infections increase.

The US

The American benchmarks retreated as new cases emerged across the States. USA30 fell 0.65%, while USA500 shed 0.36%. TECH100 gained 0.15%.

Oil snapped out 1.4% to $37.44 per barrel. Brent Oil fell 0.9% to $40.34 per barrel.

Gold was down 0.05% at $1.734.70 per ounce.

The Dollar Index lost 0.12% to 97.028.


Asia and Australia

HongKong45 fell 1.21%, after 21 new cases of COVID-19 were reported.

Japan225 shed 1.17%.

Australia’s ASX lost 1.32%.AUD/USD went down by 0.23% to 0.6867, as the unemployment rate for May rose to 7.1%.

USD/JPY lost 0.13% to 106.86.

USD/CNY slid 0.09% to 7.0777.


Europe

The European benchmarks disregarded the idea of a new wave of infections and focused on the economic recovery in sight. France40 gained 0.9%. Germany30 traded higher by 0.6%, while UK100 was up 0.8%.

EUR/USD added 0.1% to 1.1270.

GBP/USD gained 0.01% to 1.2555, as a new quantitative easing program worth $125 billion is expected.

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Sources: investing.com, cnn.com, cnbc.com

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