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

By: Miguel A. Rodriguez

09:45, 14 September 2020

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.


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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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.