The Sino-US tensions continue to rise
The American benchmarks rallied yesterday despite the lack of consensus between the Republicans and Democrats regarding the next stimulus package. The rising Sino-US tensions should have added fuel to the fire, but the indices didn’t budge. USA30 rose 1.3%, and USA500 gained 0.29%. TECH100 jumped 0.39%.
The Dollar Index added 0.13% reaching 93.537.
Gold gained almost 2% and settled at $2,030.30 per ounce.
Asia and Australia
HongKong45 fell 0.37%, even though China reported an easing in July’s factory deflation.
Australia200 jumped 1.41%.
USD/JPY traded at 106.06.
The European market was boosted by the positive data from the Chinese industrial sector, which is considered a sign of recovery from the pandemic. Europe50 rose 0.6%.
EUR/USD lost 0.28% to 1.1753.
EUR/GBP slipped 0.65% to 0.8982.
Over time, tensions between China and the US have affected the markets. Read more about it here!
Sources: reuters.com, investing.com
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