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Mixed week for the markets around the world - Weekly Review, 18 – 22.05

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The hope of a vaccine pushed markets.

Monday: The beginning of the week was good for the markets: all benchmarks ended the trading session in the green. Moderna’s successful vaccine trial moved the markets. The most significant gains were by TECH100 and Germany30, which rose 3.85%, and 5.67%, respectively. 

The short-selling ban for a handful of European countries ended. 

Bank of Spain announced that the pandemic pushed the economy to set negative records. In just three months, the economy shrunk by 5.2%. The contraction is expected to increase by up to 12.4%.

Baidu had a better than expected Q1 report, as the pandemic forced people to stay indoors. In after-hours trading, the stock price went up 8%. 

France and Germany have put together a monetary measure worth $545 billion debt-backed plan to help the most affected European countries get back on their feet.

Tuesday: Information about Moderna’s vaccine has surfaced and made the investors lose their trust. Benchmarks fell by 0.5% up to 1.59%.  

The Chinese Central bank announced that it would keep the interest rate at 3.85% - HongKong45 lost 0.12%, while USD/CNY added 0.10%.

Gold added 0.44% to $1, 753.20 per ounce.

Walmart had a better than expected financial report. Due to the pandemic, online sales grew by 74%. In after-hours trading, it gained more than 3%. 

Kohl’s Q1 report was disappointing. Unlike Walmart, it lost 43% in just three months. This year alone, the stock price fell by 63%.

Wednesday: Europe started to ease the lockdown measures, which made the benchmarks gain. 

Japan225 lost 0.05% after the country’s exports collapsed during the pandemic. 

Oil added 2.97% to $32.91 per barrel. Brent Oil rose 1.885 to $35.30 per barrel.

Gold lost what it gained on Tuesday, dropping by 0.49%.  

Target had a good Q1, part of the pandemic, due to which the online services increased by 278%. 

Thursday: The American benchmarks ended the day in red, with losses between 0.41% and 0.97%.  

HongKong45 closed at 3.7% - reaching a seven-week low. 

Also, the European benchmarks closed on negative: UK100 lost 0.9%, Italy40 dropped by 0.7%, while Germany30 shed 1.4%.

Ford had some problems when reopening some of the essential plants in the States. Some workers were found positive of infection. Until now, the stock fell 41%.  

The unemployment report showed another 2.438 million jobless people. Since the lockdown, more than 38 million people are on unemployment benefits. 

Friday: Japan225 gained 1.75 after the government announced a new potential stimulus package.  

AstraZeneca announced sponsorship from the U.S. in its efforts to produce a viable vaccine against the virus. It has received $1 billion to push the gas-pedal in the developing process. 

Alibaba posted their Q1 report, which exceeded analysts’ expectations. The revenue grew by 22% compared to the same time last year. 

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Sources: investing.com, edition.cnn.com, marketwatch.com, cnbc.com, seekingalpha.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.