Notifications Bell

The upcoming US presidential elections shook the markets - Monday Review, October 2

The upcoming US presidential elections shook the markets - Monday Review, October 2

The global markets are torn between the US presidential elections and the rising cases of COVID-19 infections

The US

The markets gained strength ahead of the most important event of the year – the presidential elections. USA30 gained 1.6%, while USA500 went up 1.23%. TECH100 added 0.42%.

Crude Oil went down 3.8% at $34.42 per barrel. Brent closed down 3% at $36.78. Both benchmarks hit a level that has been unseen since May.

Gold went up 0.1% to $1,882.55 per ounce.

Asia and Australia

The benchmarks closed higher, driven by a promising economic reading. Data showed that the Caixin manufacturing Purchasing Managers Index (PMI) rose to 53.6 in the past month. HongKong45 was up 0.39%.

Japan225 rose 1.41%.

Down under, Australia200 gained 0.84%.

USD/JPY ended the day at 104.72.


The UK is the latest country to re-enter lockdown to curb COVID-19 infections. As of Tuesday, people need to stay indoors for one month, except for those who attend school, universities, and essential stores. Germany30 and UK100 each traded 0.1% lower. France40 fell 0.2%.

EUR/USD shed 0.2% to 1.1626.

GBP/USD lost 0.2% and closed the session at 1.2916.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.