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Mixed day for equities - Monday Review, May 25

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
As the containment measures ease, the markets relax

The US

The American benchmarks traded higher after Novavax announced that it would start the human testing for a vaccine against the Coronavirus. USA30 added 3.3%, while USA500 went up 3.2%. TECH100 gained 3.4%.

Oil price rose to $33.60 per barrel, while Brent Oil ended the day at $35.32 per barrel.

Gold climbed 0.2% to $1,733 per ounce.

ICE lost 0.2% down to 99.620.


Asia and Australia

Japan225 gained 1.7% after Prime Minister Abe lifted the state of emergency for all prefectures.

HongKong45 lost 0.2%, as over the weekend protests took place in Hong Kong against the new security law proposed by the Chinese government.

Australia’s ASX rose 2.1%. AUD/USD gained 0.36% to 0.6564.

USD/JPY traded at 107.70 after it gained 0.12%.

USD/CNY dropped by 0.05% to 7.1325.


Europe

Europe50 added 0.98%. France40 was up 1.3%, while Germany30 added 1.7%.

UK100 gained 2.2%. GBP/USD went up 0.23% to 1.2210, even though Dominic Cummings, adviser of the U.K.'s Prime Minister, refused to resign after he breached the lockdown rules. 

EUR/USD traded at 1.0916.


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Sources: seekingalpha.com, 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. 

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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.