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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