CAPEX.com
CAPEX.com

Article Hero

Gains all over the world - Monday Review, May 18

1589874383.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The idea that a viable vaccine against the virus could happen soon made the markets move significantly.

The US

Wall Street was on high-horses yesterday, after Moderna’s vaccine trial was a successful one, giving hope to investors: USA500 scored the biggest one-day gain in six weeks – 3.15%. TECH100 added 2.44%, while USA30 rose 3.85%.

Brent Oil went up by 1.24% to $35.21 per barrel. Oil added 2.7% to $32.69 a barrel.

Gold peaked at a seven-year high of $1,775.40.


Asia and Australia

In Asia, Wall Street gains continued, with some of the benchmarks reaching new levels. Japan225 went up 2% - the most significant increase since early March. 

HongKong45 gained 2%.

Australia’s ASX added 2%.

USD/JPY was at 107.40. 

AUD/USD gained 0.25% to $0.6540.


Europe

In Europe, not only the news of a future vaccine made the markets move, but also the easing of the containment measures, as in some countries, the number of infections seems to be under control and even decreasing. Europe50 was up 2%, while Germany30 rose 5.67%.

EUR/USD reached a two-week high at $1.0907.

EUR/GBP added 0.17% to 0.8960.

GBP/USD gained 0.1% to $1.2201.

See what CAPEX.com has to offer! Register now!

Sources: marketwatch.com, investing.com, cnbc.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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.