
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%.
Europe
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.
Sources: reuters.com, investing.com
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 is not a reliable indicator of future results.