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Mixed markets across the world - Thursday Review, May 14

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
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


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.