The US Presidential Election and nothing else - Wednesday Review, November 4

By: Miguel A. Rodriguez

11:43, 05 November 2020

The world’s eyes are on the US Presidential Election

The US

The fact that Joe Biden – the democrat presidential candidate – seems on his way to take the White House made the markets gain some steam. USA30 rose 1.34%, while USA500 was up 2.15%. TECH100 surged 3.85%.

Crude oil gained 4%, closing the day at $39.15 per barrel. Brent closed 3.8% higher at $41.23 a barrel.

Gold fell 0.7% to $1,896.20 per ounce.

The Dollar Index was steady at 93.50.


Asia and Australia

The news of Biden leading the presidential race traveled across the ocean, making investors gain hope. Japan225 jumped 2.35%.

HongKong45 gained 0.40% as it recovered from the news that Ant Group is halting both the Shanghai and Hong Kong listings.

Down under, Australia200 went up 0.22% even though the Reserve Bank announced that it would cut the interest rates to 0.10% from 0.25%.



The markets gained in anticipation that a Biden win will secure the trade ties with Washington. Europe50 swung 2.1% higher. Germany30 went up 2%, while UK100 rose 1.7%.

EUR/USD traded at 1.1720.


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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.