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Wall Street loses, while the rest gains - Monday Review, July 13

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Markets barely budged over the record number of infections.

The US

The American benchmarks ended the day in the red territory after restaurants, movie theatres, and wineries closed again due to the spike in COVID-19 cases. USA500 lost 0.94%, while TECH100 dropped by 2.13%. Only USA30 saw an increase of 0.04%.

Gold scored the third consecutive session when it traded above $1,800. Yesterday it gained 0.7% and settled at $1,814.10 per ounce.

Oil lost 52 cents to $40.03 per barrel, while Brent dipped 49 cents to $42.75.


Asia and Australia

The Asian market was moved yesterday by the steady recovery, despite the pandemic. Japan225 gained 2.2%.

HongKong45 gained 0.57% even though authorities are overwhelmed by the rising number of cases. However, the investors were looking forward to Chinese trade data for June.  

Down Under, ASX gained 0.98%.

USD/JPY reached a new high at 107.31.

AUD/USD traded at 0.6978 after it gained 0.44%.


Europe

The European market was pushed higher by the hopes of new stimuli from France, and the European Central Bank. Germany30 ended the day 1.1% higher. France40 and UK100 gained 1%, and 1.2%, respectively. 

EUR/USD was up 0.2% to 1.1322.

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Sources: marketwatch.com, investing.com, cnbc.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.