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Mixed markets - Tuesday Review, May 26

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The US and China pushed the markets. A mixed day all over the world.

The US

The US market rallied yesterday as some of the states started opening, and the ones that opened before May had a 29% drop in the number of new cases. 

USA30 gained 2.17%, while USA500 went up 1.23%. The technological sector gained the least, TECH100 adding 0.17%. 

The Oil keeps on gaining:  it added 2.65% to $34.13 a barrel, but Brent Oil lost 0.03% to trade at $36.10 per barrel.

Gold lost what it gained in the past couple of days by shedding 1.85% to $1,703.35 per ounce.

ICE was down 0.90% to trade at 98.993.


Asia and Australia

Asian markets were mixed after President Trump said it would take action against China, and as another round of protests is in sight. Moreover, the Japanese government is ready to release another stimulus package.

HongKong45 dove 0.47%.

Japan225 added 0.39%, recovering some of Monday’s losses. 

ASX went up 0.47%. 

USD/JPY rose 0.06% to 107.58. 

USD/CNY gained 0.34% to 7.1582.

AUD/USD lost 0.10% to trade at 0.6644.


Europe

On the European markets, France40 was the star of the day, gaining 1.46%. It was followed suit by UK100, which added 1.24% and Germany30, going up 1%. The benchmarks rallied pushed by a future easing of the lockdown measures. Some shops and businesses already resumed their activity. 

EUR/USD added 0.03% to 1.0983.

GBP/USD lost 0.13% to 1.2315.

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Sources: investing.com, cnn.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.