Markets snapped out of their multi-day losing streak - Thursday Review, May 20

Markets snapped out of their multi-day losing streak - Thursday Review, May 20

Tech and earnings reign supreme in the markets

The US

Wall Street closed in positive territory, snapping a three-day losing streak. Moreover, the latest number of unemployment claims boosted investor sentiment. USA30 added 0.55%, while USA500 rose 1.06%. TECH100 gained 1.77%.

Crude oil traded 0.4% higher at $63.61 per barrel.

Gold traded 0.4% lower at $1,874.10 an ounce.

Asia and Australia

Japan225 inched down 0.06%, after April data on imports, exports, and balance outperformed expectations.

HongKong45 fell 0.93%.

Down under, Australia200 rose 0.88%, as data regarding employment for April was mixed.

Europe

Stocks traded higher, recovering after the previous session’s significant losses. Strong earnings boosted them, and the fact that the region is starting to reopen the economy. Germany30 traded 0.5%, and France40 went up 0.6%. UK100 climbed 0.4%.

Brent oil rose 0.2% to $66.81 a barrel.

EUR/USD traded 0.2% at 1.2199.

Sources: investing.com, reuters.com

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