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The earnings season suits Wall Street - Tuesday Review, June 14

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A predominantly gloomy day for the markets.

The US

The American market didn't pay attention to the rising COVID-19 cases and focused on the earnings season and the rebound in the tech sector. USA30 gained 2.13%, while USA500 added 1.34%. TECH100 went up 0.94%.

Oil edged higher ahead of the OPEC meeting. Crude went up 0.6% to $42.29 per barrel, while Brent gained 0.4% to $42.90.

Gold was still over the $1,800 threshold even though it fell 0.7% to $1,801.45 per ounce.


Asia and Australia

It wasn't a good day for the Asian markets, as June's Chinese trade data revealed unexpected figures.

HongKong45 fell 1.24%.

Japan225 slipped 0.87%.

Down Under, Australia200 traded 0.61% lower.

USD/JPY went up to 107.30 after it ended the previous session at 106.8.

AUD/USD traded at $0.6944.


Europe

The European market was affected by the UK harmful economic data and concerns regarding the increase in the number of cases.  As a result, Germany30 traded lower by 1.8%. UK100 fell by 1%.

EUR/USD lost 0.1% and traded at 1.1333.

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Sources: cnbc.com, investing.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.