Stocks wobble although the outbreak seems to be under control - Thursday Review, June 18

By: Miguel A. Rodriguez

09:45, 14 September 2020

International tensions are pushing down the markets.

The US

The American benchmarks traded lower after the Unemployment Claims came higher than expected, and due to the new scandal between President Trump and Twitter officials.  USA30 lost 0.1%. USA500 was down 0.5%, while TECH100 slid 0.2%.

Oil gained 0.7% to $38.22 per barrel. Brent Oil added 0.3% to $40.84, after OPEC+ pledged more cuts.

Gold went up 0.25% to $1,735.35 per ounce, as the tensions between the US and China are rising. 

The Dollar Index slipped 0.03% to 97.373.

Asia and Australia

The new outbreak seems to pass by some Asian markets. Japan225 rose 0.33%.

HongKong45 lost 0.09, even though the latest outbreak is kept under control. 

ASX added 1.11% after the Bureau of Statistics announced a 16.3% increase in retail turnover for May. 

USD/JPY lost 0.11% to 106.84. 

AUD/USD gained 0.12% to 0.6860.

USD/CNY closed at 7.0864 after it lost 0.01%.


France40 lead the losses in Europe with -0.4%. Germany30 lost 0.1%, while UK100 shed 0.3%.

GBP/USD was close to a two-week low at $1.2403 as the bond-buying program set in motion by the Bank of England might not be enough to keep the economy afloat. 

EUR/USD stood still at $1.200. 


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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.