CAPEX.com
CAPEX.com

Article Hero

Markets focused on the future US stimulus package - Wednesday Review, August 5

1596702052.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Gold reached a new high

The US

The American markets were set in motion by the hopes of another stimulus package. The deal between Johnson & Johnson and the US government added fuel to the fire. USA30 rose 1.39%, and USA500 added 0.64%. TECH100 jumped up 0.52%.

Brent Oil was up 5 cents to $44.48 per barrel. Oil added 2 cents to $41.72.

Gold continued to rally, and after it gained 1.4%, it settled at $2,037 per ounce. 


Asia and Australia

The Asian markets were mixed as some focused on the upcoming US stimulus package, and others on the large number of infections. 

Japan225 was down 0.28%, but USD/JPY rose to 105.64.

HongKong45 gained 0.93%.

Australia200 fell 0.48% after some states closed their borders and imposed stricter restrictions made to curb the spread of the virus. 

AUD/USD ended the day at $0.7200 after it went higher 0.3%.


Europe

The European markets followed the example of the US cousins and rallied. Germany30 rose 0.47%. 

France40 was up 0.2%, and UK100 rose 0.37%.

EUR/USD gained 0.67% to 1.1879.

EUR/GBP added 0.19% to 0.9045.

CAPEX.com keeps you in the loop with everything new on the market!

Sources: investing.com, marketwatch.com


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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.