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Only gains for the benchmarks - Monday Review, September 14

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Miguel A. Rodriguez
Miguel A. Rodriguez
15 September 2020
The hope of a potential COVID-19 vaccine moved the European markets

The US

The benchmarks were moved by the rally of Oracle and Nvidia, while Microsoft followed suit. USA30 rose 1.18%. USA500 went up 1.26%, while TECH100 added 1.87%. 

Oil jumped 0.6% to $37.55 per barrel, while Brent went up 0.4% to $40.

Gold added 0.8% at $1,963.70 per ounce. 

The Dollar Index was down 0.3% at 93.07.


Asia and Australia

HongKong45 added 0.61%, despite its disapproval of the new partnership between ByteDance’s TikTok and the American Oracle. 

Japan225 rose 0.65%, hitting a six-month high after the vote for a new prime-minister has started. Yoshihide Suga from the Liberal Democratic Party is expected to win.  

Down under, Australia200 added 0.68%

USD/JPY traded at 106.

AUD/USD lost 0.01% to 0.7282.


Europe 

The benchmarks ended higher, being driven by the hope of a potential COVID-19 vaccine from AstraZeneca. Germany30 added 0.3%, while France40 rose 0.6%. UK100 went up 0.2%.

EUR/USD added 0.2% higher at 1.1863.

GBP/USD reached a high of 1.2918.

Read all about the partnership between TikTok and Oracle here!

Sources: reuters.com, investing.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.