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The American markets notched the best day in months - Wednesday Review, September 9

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The European markets gained in expectance of the ECB meeting

The US

The markets left the Tuesday sell-off behind: USA30 rose 1.60%. USA500 was up 2.02%, while TECH100 gained 2.71% - marking its best trading session in over four months. 

Crude Oil settled 3.5% higher at $38.05, while Brent rose 1.5% to $40.38.

Gold added 0.6% and traded at $1,954.90 per ounce. 


Asia and Australia

Despite the positive news about the unemployment rate and the significant drop in the number of #COVID-19 infections, the benchmarks ended the day in the red. HongKong45 was down 1.38%. 

Japan225 fell 1.51%.

Down under, Australia200 slid 2.58%.

USD/JPY reached a one-week high by #trading at 105.93.


Europe

The markets gained ahead of the European Central Bank meeting; rumor has it that they will keep the policy unchanged. Europe50 gained 0.7%. UK100 added 1%.

Germany30 traded 1.1% higher, and France40 went up 0.9%. 

GBP/USD lost 0.3% to 12945 – the lowest point since the end of July. 

EUR/GBP went down 0.3% to 90.70.

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Sources: investing.com, reuters.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.