Gains, gains, gains for equities - Thursday Review, July 2

Gains, gains, gains for equities - Thursday Review, July 2

The NFP and the prospects of a COVID-19 vaccine from Pfizer moved the markets.

The US

The positive NFP gave investors hope in an economic recovery, but the fact that yesterday the States reported a record number of infections – 55,000 – made the benchmarks take a step back. Still, they ended on the positive territory: USA30 gained 1.02%, while USA500 rose 1.04%. TECH100 added 1.10%.

Oil went up 2.1% to $40.65 per barrel, while Brent climbed 2.4% to $43.05.

Gold was just one stone throw away from the $1,800 record it broke at the beginning of the week, as yesterday it traded at $1,790.90.

The Dollar Index slipped 0.05% to 97.248.


Asia and Australia

Japan225 gained 0.44%, erasing Wednesday’s lows caused by a drop of real estate and railway & bus sectors. Yesterday, alongside paper & pulp, shares flew higher.

Yesterday was the first day when HongKong45 traded under the new security law. It jumped by 1.53%.

Australia’s ASX went up 1.03%.

USD/JPY was up 0.04% to 107.53.

AUD/USD added 0.09% to 0.6928.

USD/CNY lost 0.01% to 7.0657.


Europe

The American optimism descended upon European markets too. UK100 closed 1.3% higher, still behind its German and French counterparts. Germany30 rose 2.8%, while France40 climbed 2.5%.

GBP/USD slipped 0.05% to 1.2460.

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Sources: marketwatch.com, investing.com


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