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The technological sector and PBOC moved the markets - Monday Review, August 17

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Mixed reactions from the global markets

The US

The American benchmarks ended the day predominantly higher, as Nvidia and Tesla boosted the tech sector.  USA30 lost 0.31%, while USA500 was up 0.3%. TECH100 gained 1%. 

Brent Oil rose 33 cents settling at $45.13 per barrel, while Oil gained 38 cents to $42.39.  

Gold closed the day at $1,943 per ounce. 

 

Asia and Australia

The Asian markets were mixed yesterday, pushed by China’s central bank decision to inject liquidity into its financial system. 

Japan225 lost 0.72% as the country fell into a pandemic-induced recession. 

HongKong45 ended 1.30% higher.

Down under, Australia200 was down 0.51%.

USD/JPY was steady at 106.45.

 

Europe

The markets disregarded the fresh outbreaks of COVID-19, and pushed by the positive data from China, ended the day on positive territory. Germany30 added 0.2%, while France40 rose 0.3%.

UK100 was up 0.4%.

EUR/USD added 0.1% and traded at 1.1850.

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Sources: marketwatch.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.