Coronavirus still haunts the markets - Wednesday Review, June 17

By: Miguel A. Rodriguez

09:45, 14 September 2020

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.


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. keeps you in the loop with the latest financial news. Register now and find out more!


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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.