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The US benchmarks hit new lows - Monday Review, September 21

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Miguel A. Rodriguez
Miguel A. Rodriguez
22 September 2020
COVID-19 is taking over the world once more

The US

The benchmarks plunged yesterday as the hope of a new stimulus package faded. USA30 fell 2.28%, while USA500 was down 1.76%. TECH100 slipped 0.85%.

Oil lost 4.4% to $39.31 per barrel, while the global benchmark, Brent Oil traded 4% lower at $41.44. 

Gold fell 2.1% to $1,909.05 per ounce.

The Dollar Index rose 0.8%. 


Asia and Australia 

HongKong45 lost 1.09% after HSBC became one of the main banks accused of moving large amounts of money to illicit funds in the past twenty years. 

Australia200 reached a one-month low after it lost 0.71%.  

AUD/USD gained 0.41% to 0.7319.


Europe

Europe50 was down 1.7%, and UK100 lost 2.4%, both reaching a two-week low. Germany30 fell 2%. The losses were driven by the new spike in COVID-19 infections, with countries considering new lockdowns. 

EUR/USD was flat at 1.18325.

Sources: investing.com, reuters.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.