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

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

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

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