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Optimism marks global equities - Thursday review, May 7

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Yesterday’s events set the markets in motion. Earnings came in better than expected figures.

The USA

The American benchmarks traded higher after a handful of companies released better-than-expected earnings, and the number of unemployment claims came through on a downward trend. USA30 gained 0.89%. USA500 and TECH100 added more than 1%, 1.15% and 1.41%, respectively. 

Oil prices went up yesterday in hopes that the easing of lockdown measures will increase the demand: Brent Oil gained 0.98% to $29.75 per barrel, while Oil added 1.19% to $23.83 per barrel.  

Gold was up 0.07% at $1,726.95.


Asia and Australia

Japan225 rose 2.07% after Japan approved Remdesivir as the go-to drug for the virus.

HongKong45 gained 1.02%.

ASX closed 0.76% higher.

USD/JPY stood still at 106.33.

AUD/USD added 0.64% to 0.6536.



Europe

Europe50 closed higher by more than 1%. Germany30 went up 1.44%

EUR/USD was up 0.17% to $1.0850.

EUR/GBP added 0.09% to 0.8752.

GBP/USD gained 0.28% after BOE said it is open to increasing the stimulus package program at their MPC meeting in June. 

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Sources: investing.com, cnbc.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.