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COVID-19 reigned over the markets - Thursday Review, October 15

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Miguel A. Rodriguez
Miguel A. Rodriguez
16 October 2020
The rising number of unemployment claims drove the markets lower

The US

The surprising number of unemployment claims took the markets by surprise, making them lose some steam. USA30 lost 0.07%, while USA500 declined 0.15%. TECH100 went down 0.47%.

Gold gained 0.29% to $1,912.85 per ounce.

Crude Oil fell 0.22% to $40.95 per barrel. Brent Oil lost 0.16% to $43.05.

The Dollar Index gained 0.48% to 93.812.

 

Asia and Australia

The Asian markets mostly closed in the red amid rising #tensions between the US and China. The unlikeliness of a new US stimulus package added fuel to the fire.

Japan225 lost 0.69%.

HongKong45 slipped 1.15%.

Australia200 went up 0.78%.

 

Europe

The benchmarks closed lower after London and Paris imposed new restrictions to curb the spike in #COVID-19 cases. Europe50 was close to a two-week low after it lost 2.1%. UK100 and France40 dropped 2% and 2.2%, respectively.

EUR/USD gained 0.48% to 93.812.

GBP/USD closed down 0.4% to $1.2950.

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.