The American and European markets reacted negatively to the news that there will be no stimulus package – at least for now
The US
The postponing of talks regarding another stimulus package until after the presidential election made the American benchmarks close in the red. USA30 fell 1.34%, while USA500 was down 1.4%. TECH100 fell 1.57%.
Crude Oil settled at $40.67 per barrel after it went up 1.6%, while Brent climbed 1.7% to $42.65.
Gold closed at $1,917 per ounce.
Asia and Australia
Most of the Asian markets ended the session in the green as they focused on President #Trump’s discharge from the hospital. HongKong45 gained 0.56%.
Japan225 went up 0.39%.
Australia200 inched down 0.06% after the Reserve Bank decided to hold policy steady at its latest meeting.
USD/JPY was at 105.62, approaching a three-week high.
Europe
The halting of the talks about another stimulus package at the White House impacted the European markets also. Europe50 slipped 0.4%. Germany30 and France40 each fell 0.3%. UK100 lost 0.5%.
EUR/USD traded at 1.1773.
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Sources: investing.com, reuters.com
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