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Mixed market performances - Wednesday Review, May 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The markets moved chaotically after a series of events took place.

The US

The American benchmarks gained between 1% and 2%. USA30 added 1.5%, while USA500 went up 1.7%. TECH100 rose by 2.1%. 

Both Oil benchmarks extended their Tuesday gains: Oil rose 2.97% to $32.91 per barrel. Brent Oil added 1.88% to $35.30 per barrel.

Gold lost 0.49% to $1,743.45 per ounce.

ICE dropped by 0.24% to 99.370.


Asia and Australia

Japan225 lost 0.05% after data released showed a collapse in the country’s exports. USD/JPY gained 0.11% to 107.62.

ASX closed lower by 0.41% after stocks on utilities, gold and financials dropped the most. AUD/USD shed 0.54% to 0.6562.

HongKong45 lost more than 0.30% after the US Senate passes the bill on banning any Chinese company that doesn’t comply with security and auditing regulations imposed by it. USD/CNY gained 0.18% to 7.1056, as the US brought into discussion once again how China handled the virus. 


Europe

Europe50 added 1% after many European countries started to ease the lockdown measures. Germany30 closed the session up by 1.34%, hitting a one-month high. 

EUR/USD added 0.50% to 1.0976.

EUR/GBP rose 0.71% to 0.8974.

GBP/USD gained 0.13% to 1.1656 after the rumor about the negative rates became a reality.  

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Sources: marketwatch.com, cnbc.com, investing.com


This information/research prepared by Andreas Thalassinos 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.