Major markets took a plunge - Thursday Review, September 10

By: Miguel A. Rodriguez

09:45, 14 September 2020

Crude inventories rose for the first time in seven weeks

The US

The latest report regarding the country's state of #unemployment was a hard pill to swallow for the markets. USA30 fell 1.45%. USA500 went down 1.77%, while TECH100 slumped 2%. 

Oil lost 2% and traded at $37.30 per barrel, while Brent settled 1.8% lower at $40.06 after the Energy Information Administration (EIA) reported a 2 million barrels increase in crude inventories.  

Gold gained $9.40 and settled at $1,964.30 per ounce. 

Asia and Australia

As the number of #COVID-19 infections starts to decrease, the governments are looking to ease the restrictions.

Japan225 rose 0.49%, despite the disagreement between the Defense Minister and the Chief Cabinet Secretary regarding the state of elections.

HongKong45 lost 0.30% after rumors that ByteDance won’t get an extension of the deadline set by the Trump Administration have emerged. 

Down under, Australia200 was up 0.39%. 


A combination between a resurgence of COVID-19 cases and the outcome of the #European Central Bank meeting made the European equities slip. Europe50 lost 0.6%, while UK100 was down 0.2%.

France40 fell 0.3%.

EUR/USD gained 0.1% to 1.1818.

Read all about the unemployment claims here!


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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.