A large number of cases of infections did not affect the markets too much
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%.
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.
EUR/USD lost 0.2% and traded at $1.1728.
GBP/USD traded at $1.3020.
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Sources: investing.com, marketwatch.com
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