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The conflict between the US and China has left its mark on the international markets - Wednesday Review, July 22

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 septiembre 2020
Wall Street held tight, while the rest of the world lost

The US

Despite the tensions between the US and China, the American benchmarks performed well: USA30 rose 0.43%, while USA500 gained 0.32%. The technologic sector didn't follow the lead, and TECH100 lost 0.05%. 

Oil slipped 0.5% to $41.70 per barrel, and Brent fell 0.4% to $44.14. 

Gold went up 1.2% to $1,865.10 per ounce. 

The Dollar Index was up 0.2%. 


Asia and Australia

On Wednesday, the Asian benchmarks parted with some of the Tuesday gains. The tensions between the US and China added fuel to the fire. Japan225 lost 0.28%.

HongKong45 added 0.26%.

Down Under, Australia200 was down 1.12%

USD/JPY stood still at 106.82. 

AUD/USD closed at $0.7138, the highest point since April 2019.

USD/CNH was at 7.0028.


Europe

The actions taken by both China and the US reverberated in Europe. Europe50 dropped by 1%. Germany30 lost 0.51%.

GBP/USD traded at $1.2734.

EUR/USD rose to $1.1543 after it gained 0.41% – the highest since January 10.

Read more about what is happening on the markets on CAPEX.com!

Sources: marketwatch.com, investing.com


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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.