Equities gain for the second consecutive day - Tuesday Review, June 2

By: Miguel A. Rodriguez

09:45, 14 September 2020

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Markets ignore the circumstances and continue their rally.

The US

The investors put aside the major events happening across the country and focused on businesses reopening. Once again, President Trump said that he would deploy military troops to end the protests. For the second consecutive day, the market move against the current: USA30 added 1.05%, while USA500 went up 0.83%. TECH100 gained 0.59%. 

Brent Oil gained 3.3%, while Oil added 3.9%. Both benchmarks reached the highest level since March 6, in expectance of OPEC+ decision on Thursday. 

Gold lost 0.25% to settle at $1,729.60 per ounce.

ICE was down by 0.1%.


Asia and Australia

Japan225 went up 1.2%, reaching its highest level since February. 

HongKong45 gained 1.18%, as the tensions created over Hong Kong and Macau are in the background, now being replaced by how China and the US are currently managing the protests. 

ASX rose 0.86%, although the Bureau of Statistics said that the country’s GDP fell 0.3% in the first quarter of 2020. AUD/USD rose to $0.6930 – the highest since January 7.

USD/JPY traded higher by 0.05% to $108.71.


Europe

Europe continued to rally as the lockdown measures eased, and businesses started to resume their activities. Also, the investors are looking forward to the ECB press conference. Europe50 closed the session being 1.6% higher. UK100 added 0.9%. 

Germany30 reached a one-month high, closing the trading session up 3.75%.

GBP/USD hit one-month low trading at $1.2584.  

EUR/USD traded at $1.1180, being the closest to its March 16 high.

EUR/GBP rose 0.03% to 0.8912.

Read more about the market by consulting our Market News section!

Sources: investing.com, marketwatch.com, forexfactory.com


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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.