Key economic readings moved global markets intensely - Tuesday Review, September 1

Key economic readings moved global markets intensely - Tuesday Review, September 1

European markets traded mixedly after economic readings

The US

The benchmarks were on a roll yesterday, mostly driven by gains reported in the tech sector: #Zoom surged 40%, and #Apple reached a new record high. USA30 added 0.54%, while USA500 was up 0.58%. TECH100 jumped 1.28%.

Brent Oil added 57 cents to $45.85 per barrel, and Oil gained 56 cents, trading at $43.17.

Gold settled at $1,978.90 per ounce after it peaked at $2,000.

The Dollar Index reached a two-week low as it settled at 91.737.


Asia and Australia

Markets ended in the red territory yesterday. HongKong45 lost 0.03% after the US announced another bilateral economic dialogue.

Japan225 was down 0.25%, even though the Purchasing Managers’ Index (PMI) rose to 47.2 in the past month, from a previous 46.6.

Australia200 slumped 2.17% ahead of the Reserve Bank's new policy decision.

AUD/USD lost 0.08% to 0.7368.


Europe

The markets were mixed after the Eurostat report showed an increase in the Eurozone #unemployment rate. Europe50 was up 0.2%. UK100 lost 0.19%. Germany30 added 0.6%, and France40 went up 0.4%.

EUR/USD reached the strongest level it had since May 2018, #trading at $1.1999.

GBP/USD traded at $1.3470.

On CAPEX.com you will find everything you need to develop and improve your trading strategy! Check-out our website for more information!

Sources: investing.com, seekingalpha.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.