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Several markets fell short of the mark - Wednesday Review, July 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Markets were mixed at the start of the new quarter.

The US

The beginning of the new quarter was auspicious for the American indices. They were driven by the manufacturing data and the number of jobs created in the private sector: USA30 was flat, while USA500 added 0.73%. TECH100 gained 0.74%.

The data from the American Petroleum Institute pushed oil prices higher. Oil rose by 2.2% to $40.14 per barrel, while Brent added 2.1% to $42.12.

Gold lost some of Tuesday's momentum and traded at $1,779.90 per ounce.  

The Dollar Index slipped 0.04% to 97.118.


Asia and Australia

Japan225 fell 0.8% after real estate, and railway & bus sectors led shares lower once again. 

Down Under, ASX closed higher by 0.62% as the gains were led by A-REITs and IT sectors. 

USD/JPY was up 0.3% to 107.61.

AUD/USD lost 0.2% to 0.6890.

USD/CNY shed 0.01% to 7.0694.


Europe

Germany30 traded higher yesterday by 0.2% after retail sales data came better than expected. The increase in car sales wasn’t enough to give France40 momentum, which fell by 0.2%. UK100 slid 0.1% after airline stocks fell.

GBP/USD gained 0.09% to 1.2481.

See what happened on the markets at the beginning of the quarter! Visit CAPEX.com!

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.