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Major markets took a plunge - Thursday Review, September 10

Miguel A. Rodriguez
Miguel A. Rodriguez
14 septiembre 2020
Crude inventories rose for the first time in seven weeks

The US

The latest report regarding the country's state of #unemployment was a hard pill to swallow for the markets. USA30 fell 1.45%. USA500 went down 1.77%, while TECH100 slumped 2%. 

Oil lost 2% and traded at $37.30 per barrel, while Brent settled 1.8% lower at $40.06 after the Energy Information Administration (EIA) reported a 2 million barrels increase in crude inventories.  

Gold gained $9.40 and settled at $1,964.30 per ounce. 

Asia and Australia

As the number of #COVID-19 infections starts to decrease, the governments are looking to ease the restrictions.

Japan225 rose 0.49%, despite the disagreement between the Defense Minister and the Chief Cabinet Secretary regarding the state of elections.

HongKong45 lost 0.30% after rumors that ByteDance won’t get an extension of the deadline set by the Trump Administration have emerged. 

Down under, Australia200 was up 0.39%. 


A combination between a resurgence of COVID-19 cases and the outcome of the #European Central Bank meeting made the European equities slip. Europe50 lost 0.6%, while UK100 was down 0.2%.

France40 fell 0.3%.

EUR/USD gained 0.1% to 1.1818.

Read all about the unemployment claims here!







Miguel A. Rodriguez
Miguel A. Rodriguez

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.