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Stimulus talks drove the markets higher - Tuesday Review, October 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 October 2020
There could be a consensus regarding the new US stimulus package

The US

The House Speaker Nancy Pelosi showed optimism regarding the talks about a possible US #stimulus package. Following the news, USA30 rose 0.92%, while USA500 gained 1.07%. TECH100 added 1.01%.

Gold went up 0.2% to $1,915.40 per ounce.

Crude Oil closed at $41.03 after it lost 0.1%. Brent’s price fell 0.2% to $42.55 per barrel.

 

Asia and Australia

HongKong45 closed 0.07% lower after the country’s GDP rose less-than-expected.

Japan225 was down 0.56%.

Down under, Australia200 inched down 0.58% after the Reserve Bank’s minutes showed that there’s a possibility for the monetary measures to be eased soon.

USD/JPY closed at 105.52 after it went up 0.09%.

 

Europe

The quarterly earnings figures from UBS had little impact on the markets. The benchmarks focused on the rising number of #COVID-19 infections. Germany30 traded 0.3% lower, while France40 gained 0.3%. UK100 went up 0.1%.

EUR/USD closed 0.1% higher at 1.1772.

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Sources: reuters.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.