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The international markets were mixed as the earnings season is in full-bloom - Tuesday Review, July 28

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
For the most part, the pandemic was overshadowed by the earnings season.

The US

The American indices dove yesterday after 3M, and McDonald's posted weaker-than-expected earnings. USA30 fell 0.77%, while USA500 was down 0.65%. TECH100 slipped 1.27%.

Oil traded lower by 0.4% at $41.44 per barrel, while Brent Oil stood still at $43.90.

Gold settled higher by 0.7% at $1,944.60 per ounce.

The Dollar Index reached a two-year low at 93.42.


Asia and Australia

The Asian markets were up despite the spike in the number of cases and the possible upcoming US sanctions on banks.  

HongKong45 was up 0.32% even though the government announced drastic social distancing measures to curb the increasing number of COVID-19 cases. 

Japan225 was up 0.02%.

Australia200 gained 0.21% despite being close to recession for the first time in 30 years due to the pandemic.   

USD/JPY gained 0.2% at 105.58.

AUD/USD gained 0.11% to 0.7165.

USD/CNH added 0.02% to 7.0011. 


Europe 

The European markets were mixed on Tuesday after corporate earnings showed the pandemic's impact without providing too much guidance.

Germany30 traded 0.2% higher, while UK100 was up 0.3%. France40 fell 0.3%.

EUR/USD was down 0.4%, settling at 1.1706.  

GBP/USD lost 0.1% trading at 1.2868. 

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Sources: investing.com, reuters.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.