Some markets lost their momentum - Monday Review, June 8

Some markets lost their momentum - Monday Review, June 8

American markets pushed the Asian ones higher.

The US

The American benchmarks moved higher after the lockdown measures eased in New York City and because the economy seems to recover. USA30 added 1.7%, while USA500 went up 1.20%. TECH100 gained 1.13%.

Oil lost 3.4% or $1.36 to settle at $38.19 per barrel, this being the most significant drop since May 28. Brent Oil dropped by 3.5% or $1.50 to $40.75 per barrel, the most significant daily loss since May 27.

Gold lost 0.22% to $1,701.35

The Dollar Index was down 0.23%.


Asia and Australia

The Asian markets followed their American counterparts and ended the day in the green.

HongKong45 went up 1.6%.

Japan225 added 1.4%.

ASX added 2.6%.

AUD/USD traded at $0.7040 – a ten month-high.


Europe

The European market traded lower after industrial production for April went down almost 18%. Europe50 dropped 0.3%. Germany30 lost 0.22%, while UK100 fell 0.4%, while France40 shed 0.8%.

GBP/USD reached a three-month high after it traded at $1.2755.

EUR/USD traded at $1.1304.

EUR/GBP fell 0.09% to 0.8893.


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Sources: marketwatch.com, investing.com


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