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Good beginning of the week for international markets - Monday Review, August 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A large number of cases of infections did not affect the markets too much

The US

The American benchmarks were pushed higher by the positive data from COVID-19 vaccine developers. Also, the fact that Microsoft is in talks with ByteDance to buy TikTok made the tech sector gain the most. USA30 rose 1.04% and USA500 gained 0.92%. TECH100 jumped 1.64%. 

Oil lost 17 cents to $40.01, while Brent slipped 14 cents to $43.38 per barrel.

Gold gained 0.04% to $1,985.20 per ounce. 

The Dollar Index rose 0.25%.


Asia and Australia

Japan225 added 1.95% after the PMI (Purchasing Managers Index) rose to 46.9 in July – the highest reading since the beginning of the year - from June’s 43.4.

HongKong45 lost 1.06% after the Chief Executive of Hong Kong announced that the Legislative Council elections are postponed for a year. 

Down under, Australia200 was up 0.15% even though the city of Victoria announced a state of disaster and tightened the lockdown measures after it reported more than 600 new cases on Sunday.

USD/JPY traded at 106.45.

AUD/USD settled at 0.7117.


Europe

The European benchmarks traded higher on Monday, moved by the idea of economic improvement. Europe50 rose 0.5%, while France40 added 0.4%. Germany30 went up 1.2%.

EUR/USD lost 0.2% and traded at $1.1728.

GBP/USD traded at $1.3020.

Keep an eye on what is happening on the market by reading the latest news on CAPEX.com!

Sources: investing.com, marketwatch.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. 

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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.