Global shares slipped on US-China tensions - Monday Review, December 7

By: Miguel A. Rodriguez

11:26, 08 December 2020

Markets switched their focus on the US-China tensions

The US

The ever-rising number of COVID-19 infections made the majority of markets close in the red. As of Sunday, the number of infections passed 14.7 million. USA30 fell 0.49%, while USA500 traded 0.20% lower. TECH100 went up 0.45%.

Crude oil lost 1.4% trading at $45.61 per barrel.

Gold traded at $1,831.35 per ounce after it went down 0.5%.

 

Asia and Australia

The rising tensions between the US and China made the Asian benchmarks to close lower.

Japan225 fell 0.5%.

HongKong45 inched down 1.81%.

Down under, Australia200 went up 0.31% even though its ties with China could have a negative impact on its agricultural exports.

USD/JPY was down 0.02% at 104.11.

 

Europe

The Sino-US tensions reverberated through Europe, making the benchmarks lose some steam. Europe50 fell 0.7%. France40 slipped 1%. Germany30 traded 0.8% lower.

UK100 rose 0.3% as the country was preparing to roll out Pfizer’s COVID-19 vaccine later this week.

Brent oil inched down 1.2% to $48.65 a barrel.

EUR/USD closed the session at 1.2104.

Sources: investing.com, reuters.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.