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Lethargy on the international markets - Thursday Review, July 16

Lethargy on the international markets - Thursday Review, July 16

Pressured by negative news, the markets lost momentum.

The US

Yesterday's unemployment claims that came higher than expected elevated concerns about the economy's state – roughly 32 million are unemployed due to the pandemic. The increasing number of infections doesn't help paint a hopeful picture. USA30 fell 0.5%, while USA500 lost 0.34%. TECH100 dropped 0.73%.

Brent Oil lost 18 cents to trade at $4.61 per barrel. Oil dropped 29 cents and settled at $40.91.

Gold slid 0.7% settling at $1,800.30 an ounce.

The Dollar Index gained 0.1% to 96.104.

Asia and Australia

The Asian markets were down yesterday, even though China posted economic growth of 3.2% in the second quarter despite the pandemic. HongKong45 fell 1.41%.

Japan225 lost 0.75%.

Down Under, Australia200 dropped 0.80% as parts of the country are in lockdown again, and could drive the market into recession.

USD/JPY pair gained 0.06% to 106.98.


The European markets reacted to the “wait and see” scenario revealed by the ECB yesterday. Europe50 and UK100 fell 0.9% each.

Germany30 lost 0.43%. France40 slipped 0.46%.

EUR/USD was at 1.1398 after it fell 0.1%.

GBP/USD lost 0.3% to 1.2544.

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