The global markets focused on the US Presidential Debate - Tuesday Review, September 29

By: Miguel A. Rodriguez

14:07, 30 September 2020

The Presidential Debate took over the market

The US

The markets switched their focus from the long-touted stimulus package negotiations to the spike in COVID-19 infections and the Presidential Debate. USA30 and USA500 each lost 0.48%. TECH100 slipped 0.29%. 

Gold price increased for the second consecutive day, passing the $1,900/ ounce threshold. After it settled up 1.1%, it closed the session at $1,903.20 per ounce. 

Crude Oil fell 3.2% to $39.29 a barrel.

The Dollar Index lost 0.4% and settled at 93.922.

Asia and Australia

The fact that investors were waiting the economic reading for the Purchasing Managers Indexes and the Caixin Manufacturing PMI made the Asian benchmarks close in the red. Japan225 was down 0.26%.

HongKong45 fell 0.9%.

Down under, Australia200 inched up 0.05%.


The World Health Organization stated that Europe is responsible for 25% of the total global number of deaths caused by COVID-19. This pushed the markets downward. Europe50 fell 0.4%. Germany30 and UK100 dropped 1% each. France40 lost 0.7%.

GBP/USD gained 0.2% to 1.2863.

Read here about how the US Presidential Debate impacted the markets!


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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.