Mixed markets across the world - Thursday Review, May 14

Mixed markets across the world - Thursday Review, May 14

Although it was an eventful day, the markets did not budge much.

The US

The American benchmarks managed to recover some of the losses they suffered when the unemployment claims report was released and ended the trading session on green territory. USA30 gained 1.62%, while USA500 rose 1.15%. TECH100 added 0.91%.

Gold continues to rise, and yesterday it reached $1,741.25 per ounce.

Oil gained 9% to settle at $27.56 per barrel, marking a constant increase, and even doubling in value since April 28 when it traded at $12.

Brent Oil rose 6.6% to trade at $31.13 per barrel.

ICE gained 0.21% to be at 100.500.


Asia and Australia

Japan225 lost 0.3%, although Prime Minister Abe lifted the emergency state in 39 prefectures, as the number of infections seems to be under control. USD/JPY traded at 107.19.

HongKong45 lost 0.35%.

In Australia, things settled differently, with ASX gaining 0.87%, but AUD/USD lost almost 1% to $0.6462.


Europe

Investors lost their faith regarding the post-pandemic economic recovery. Markets acted accordingly with UK100 losing 2.75%. Germany30 dropped 1.95%

EUR/USD lost 0.30% to 1.0784.

EUR/GBP shed 0.02% to 0.8841.

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Sources: investing.com, reuters.com, theguardian.com


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