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

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

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.

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Sources: investing.com, marketwatch.com


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