The global markets are at the mercy of COVID-19 - Monday Review, October 26

By: Miguel A. Rodriguez

09:51, 27 October 2020

The world still expects a US stimulus package

The US

USA30 fell 2.3%, while USA500 went down 1.8%. TECH100 closed 1.6% lower. The drop was due to the record number of COVID-19 infections reported – more than 85,000.

Gold was up 0.1% at $1,903.55 per ounce.

The Dollar Index ended the day at 93.04 after it gained 0.3%.

Crude Oil and Brent each lost $0.73 and closed at $41.04 and $39.12 per barrel, respectively.


Asia and Australia

The markets fell after the world reported new cases of #COVID-19 infections. The fact that the long-touted US #stimulus package could probably happen after the US elections added fuel to the fire. Japan225 eased 0.09%.

HongKong45 was shy of a 1% drop.

Down under, Australia200 shed 0.18%.

USD/JPY gained 0.18% to 104.88.



Europe50 tumbled 0.5% after a couple of countries imposed new lockdowns to curb the spread of COVID-19. Germany30 dropped 2% after SAP poster lower-than-expected Q3 figures.

Italy40 fell 0.9% after new restrictions were imposed - bars and restaurants now function until 6 PM, while public gyms and cinemas close their doors to customers. 


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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.