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Mixed start of the week for the international markets - Monday Review, June 15

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Newly emerged infection cases pushed most markets in the red

The US

The benchmarks gained after the central bank announced that it will purchase corporate bonds with maturity of up to five years. USA30 gained 0.62%. USA500 and TECH100 added 0.83%, and 1.43%, respectively.

Oil fell 3.9% to $34.83 per barrel. Brent Oil lost 2.7% to $37.71 per barrel.

Investors’ safe-haven, Gold, fell 0.7% to $1,725.25 per ounce.

The Dollar Index was close to a ten-day high at 97.20.


Asia and Australia

The Asian benchmarks fell after 47 new cases of infections were reported – the highest number in a month, after clubs and bars resumed their activity. 

Japan225 lost 3.5%.

HongKong45 fell by 0.53%

Down Under, ASX lost 2.19% after energy, resources, and consumer discretionary sectors led the benchmark lower.  

AUD/USD shed 1.14% to 0.6784. 

USD/JPY added 0.16% to 107.48.

USD/CNY slipped 0.22% to 7.0729.


Europe

The European benchmarks lost as the number of COVID-19 infections started to increase yet again. France40 began the week the same way as it ended the previous one – leading the losses – 2.7%. Germany30 eased 2.6%, while UK100 dropped by 2.1%. Europe50 ended the day 0.5% lower.

EUR/USD traded at 1.1245 after it lost 0.1%.

GBP/USD added 0.52% to 1.2668 as investors expect the labor market data, and the Bank of England policy decision coming up this Thursday. 

When it comes to the financial markets, nothing is certain, but you can stay informed by reading the latest financial news on Capex.com!

Sources: 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.