The Sino – US tensions harmed the markets - Thursday Review, July 23

The Sino – US tensions harmed the markets - Thursday Review, July 23

The earnings season pushed the European markets higher.

The US

Yesterday the markets were reminded that the economic recovery is lagging as the number of infections increases daily. USA30 slumped 1.31%, while USA500 lost 1.23%. TECH100 fell by 2.29%.

Oil traded at $41.85 per barrel, while Brent lost 9 cents to $44.20.

Gold rose 0.6% to $1,888 per ounce – the highest it has been in nine years.

The Dollar Index slipped 0.7% to 94.585.


Asia and Australia

The Sino-US tensions are rising as each country ordered the other to close consulates.

HongKong45 slid 0.08%.

Australia200 fell 0.16%

USD/JPY lost 0.28% to 0.7115.

USD/CNY gained 0.05% to 7.0066.


Europe

Europe put aside the high number of COVID-19 cases and focused on corporate earnings (Daimler, Unilever, Roche). Europe50 climbed 0.57%. Germany30 gained 0.64%, while UK100 added 0.58%.

EUR/USD was up 0.1% to $1.1583.

GBP/USD added 0.11% to 1.2753.

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Sources: investing.com, reuters.com


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