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

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

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.


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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