Markets are fearful of recent events -Thursday Review, May 28

Markets are fearful of recent events -Thursday Review, May 28

The current political events put the majority of benchmarks in red territory.

The US

The American benchmarks lost ground after President Trump said he would hold a conference regarding the situation with China. USA30 lost 0.58%, while USA500 fell 0.21%. TECH100 dropped by 0.46%.

Oil managed to recover some of the Wednesday losses, rising 3.84% to $34.07 per barrel. Brent Oil added 5.43% to $36.48 a barrel.

Gold continued the Wednesday gains and went up 0.39% to $1,717.30 per ounce.

ICE lost 0.70% and settled at 98.362.


Asia and Australia

In anticipation of Donald Trump's speech, stocks in Asia fell after Beijing passed the bill regarding Hong Kong. JAPAN225 lost 0.3%.

HongKong45 fell 0.3%.

USD/JPY was at 107.67.

Australia’s ASX lost 0.8%. AUD/USD moved against the current and traded at $0.6630, approaching a two-month high.


Europe

In Europe, markets moved in the green territory after a 250 billion Euros stimulus got announced by the EU Commission. Germany30 rose 1.06%. UK100 gained 1.21%, and France40 added 1.76%.

EUR/USD traded at $1.1090 being close to its lowest point reached on March 30.

EUR/GBP gained 0.08% to 0.8986.

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Sources: marketwatch.com, cnn.com, investing.com


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