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Monday Review, June 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Equities ended in the green territory despite current circumstances

The US

The American benchmarks gained despite the market being in contrast with the events happening in dozens of cities across the country. USA30 added 0.39%, while USA500 gained 0.42%. TECH100 went up 0.65%.

Brent Oil gained 1.3% to $38.32 per barrel. Oil lost 5 cents settling at $35.44 per barrel.

Gold added 0.07% to $1,751.50 per ounce.

ICE fell 0.4%


Asia and Australia

Stocks gained after companies started to resume their activities, and China halted purchases of US agricultural products and canceled pork orders.

HongKong45 was up 0.58%. 

Japan225 gained 0.99%.

Australia’s ASX rose 0.01% after the Royal Bank decided to keep the interest rate as is, at 0.25%.AUD/USD lost 0.23%. 

USD/JPY was up 0.13% to 107.72.

USD/CNY lost 0.04% to 7.1211.


Europe

Europe50 went up more than 1%, and in the past two months gained over 9%. UK100 added 1%, while France40 gained 1.2% after investors focused on the reopening of economies, and the tensions between the U.S. and China were left behind for now.

GBP/USD went down 0.05% to 1.2485.

Stay updated with the latest market events by checking our dedicated sections of Featured Articles,Market Analysis, and Market News!

Sources: investing.com, marketwatch.com, cnbc.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.