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

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

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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