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The US is holding its breath over the stimulus package - Thursday Review, October 22

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Miguel A. Rodriguez
Miguel A. Rodriguez
23 October 2020
COVID-19 managed to stir the markets in a negative way

The US

USA30 rose 0.57%, while USA500 was up 0.46%. TECH100 went up 0.16%. The increases came after House Speaker Nancy Pelosi announced that the stimulus package deal “is just about there.”

Gold lost 1.3% to $1,904.60 per ounce.

The Dollar Index closed 0.4% higher at 92.97.

 

Asia and Australia

The benchmarks lost their interest in the new US stimulus package and closed the day in the red. Japan225 fell 0.70%, USD/JPY lost 0.04% to 123.97.

HongKong45 was down 0.25%.

Down under, Australia200 inched 0.56% lower.

 

Europe

The markets closed lower after surveys showed that consumer confidence dropped due to the second wave of COVID-19 infections. After falling 1.2%, Europe50 closed down 0.7% - the lowest level since September 25.

UK100 reached a five-month low closing 0.7% lower.

Germany30 slipped 0.9% after it set a record of COVID-19 infections.

France40 fell 1%.

EUR/USD was flat at 1.1862.

Sources: reuters.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.