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Markets lost their momentum - Thursday Review, June 4

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
European and American markets didn’t feel the push from their government’s measures.

The US

The benchmarks weren’t impressed by the fact that the number of unemployed people is decreasing. USA30 rose less than 0.1%, but it marked its fourth consecutive day of gains. USA500 and TECH100 both ended in the red, losing 0.3% and 0.7%, respectively.  

Brent Oil was up 0.5% to $40.19 per barrel. Oil gained 0.2% to $37.49 per barrel. 

Gold spiked 1.3% to $1,724.40 per ounce.

The Dollar Index added 0.11% to 96.765.


Asia and Australia

Asian markets gained as the internal and international conflicts seemed to cool down, at least for the moment. 

Japan225 rose 0.36%, marking a three-month high. 

HongKong45 added 0.2%.

ASX lost 0.09%.

USD/JPY went up 0.05% to 109.18.

USD/CNY gained 0.01% to 7.1081.

AUD/USD added 0.08% to 0.6947.


Europe

European benchmarks ended the day lower, even after at the ECB conference the stimulus package meant to blow the pandemic’s hit increased to $1.521 trillion. Europe50 lost 0.7%. UK100 went down 0.6%.Germany30 broke the winning streak and ended the day 0.45% lower.

EUR/USD gained 0.98% to 1.1342.

EUR/GBP went up 0.71% to 0.8994.

GBP/USD stood still at 1.2595.

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Sources: marketwatch.com, investing.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. 

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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.