Tech stocks drove the American markets higher

08:48, 15 September 2020

Only gains for the benchmarks - Monday Review, September 14

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

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