The conflict between the US and China has left its mark on the international markets - Wednesday Review, July 22

The conflict between the US and China has left its mark on the international markets - Wednesday Review, July 22

Wall Street held tight, while the rest of the world lost

The US

Despite the tensions between the US and China, the American benchmarks performed well: USA30 rose 0.43%, while USA500 gained 0.32%. The technologic sector didn't follow the lead, and TECH100 lost 0.05%.

Oil slipped 0.5% to $41.70 per barrel, and Brent fell 0.4% to $44.14.

Gold went up 1.2% to $1,865.10 per ounce.

The Dollar Index was up 0.2%.


Asia and Australia

On Wednesday, the Asian benchmarks parted with some of the Tuesday gains. The tensions between the US and China added fuel to the fire. Japan225 lost 0.28%.

HongKong45 added 0.26%.

Down Under, Australia200 was down 1.12%

USD/JPY stood still at 106.82.

AUD/USD closed at $0.7138, the highest point since April 2019.

USD/CNH was at 7.0028.


Europe

The actions taken by both China and the US reverberated in Europe. Europe50 dropped by 1%. Germany30 lost 0.51%.

GBP/USD traded at $1.2734.

EUR/USD rose to $1.1543 after it gained 0.41% – the highest since January 10.

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Sources: marketwatch.com, investing.com


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