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President Trump made global markets rejoice - Monday Review, October 5

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 October 2020
Stocks were up over the news that Donald Trump is being released from the hospital

The US

The market was driven by the news that President Trump can leave the hospital after he was admitted due to COVID-19 infection. USA30 was up 1.30%, while USA500 added 1.37%. TECH100 gained 1.70%.

Crude Oil went up 4.9% and settled at $38.87 per barrel. Brent went up 4.4% to $41 a barrel.

Gold ended the day at $1,920.45 per ounce after gaining 0.67%.


Asia and Australia

The right side of the Atlantic reacted positively over the news. After three days in the hospital, President #Trump was allowed to return to the White House. Japan225 rose 1.33%. 

HongKong45 went up 1.30% despite the experts warning that the fourth wave of #COVID-19 infections is in sight and could be the most severe yet.  

Down under, Australia200 soared 2.42% ahead of the Reserve Bank meeting. The market expects the Bank to keep the interest rates, and the three-year yield target unchanged at 0.25%. 


Europe

The hope of a new stimulus package and President Trump's discharge from the hospital made these markets rally. Europe50 added 0.8%. Germany30 gained 1.10%, while France40 ended the day 0.97% higher. 

EUR/USD added 0.57% to 1.1783.

Read about President Trump’s illness here!

Sources: marketwatch.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.