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The majority of benchmarks traded negative - Monday Review, May 11

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Chaotic market movements as countries prepare to ease the containment measures.

The US

The technological sector made the market move higher yesterday, with TECH100 gaining 0.6%, marking its sixth day of consecutive gains. USA30 lost 0.3%, while USA500 was flat.  

Oil gained 0.95% to $24.37 per barrel. Brent Oil was up 0.2% to $29.69 per barrel. 

Gold traded at $1,696.6 per ounce. 

ICE gained 0.5% to 100.23.


Asia and Australia

The Asian market lost ground yesterday, as investors fear the second wave of Covid-19 infections: HongKong45 lost 1.42%, while Japan225 was down 0.5%.

ASX dropped by 1.55%.

USD/JPY traded at 107.41.

AUD/USD was at 0.6456, after a low of 0.654.


Europe

The European market was mixed, with Europe50 losing 0.4%. UK100 gained 0.1% as the country is ready to ease some of the containment measures. Germany30 lost 0.7%.

EUR/USD closed at $1.0797.

GBP/USD lost 0.3% to $1.2300. 

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Sources: seekingalpha.com, 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.