The earnings season overshadowed the pandemic and the Sino-US tensions - Monday Review, July 27

By: Miguel A. Rodriguez

09:45, 14 September 2020

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Wall Street rallies

The US

The American indices gained, as investors eyed another stimulus package. USA30 rose 0.43%, while USA500 added 0.74%. TECH100 gained the most – 1.67% - as the investors are waiting for the giants’ earnings reports. 

Brent Oil gained 4 cents to $43.45 per barrel, while Oil was down 9 cents to $41.51.

Gold went up 1.8% and settled at $1,931 per ounce.

The Dollar Index settled at 93.793.


Asia and Australia

The Asian markets ignored the latest tensions between China and the US. HongKong45 was up 0.27%.

Japan225 fell 0.51% at reopening after the last week’s holiday. 

Down Under, Australia200 rose 0.06%.

USD/JPY lost 0.6% and settled at 105.53, reaching a four-month low. 

AUD/USD traded at $0.7134.


Europe 

The European markets fell after the UK imposed quarantine on people returning from Spain amid an increase in the number of infections.

Europe50 fell 0.5%, while Spain35 slid 1.2%. UK100 was down 0.5%.

France40 lost 0.5%.

However, Germany30 was pushed 0.02% higher by gains in software and retail sectors. 

EUR/USD gained 0.82% to 1.1749.

EUR/GBP was up 0.19% to 0.9125.

GBP/USD gained 0.66% to $1.2873.

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Sources: reuters.com, investing.com, marketwatch.com


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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.