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Mixed market performances - Wednesday Review, May 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 septiembre 2020
The markets moved chaotically after a series of events took place.

The US

The American benchmarks gained between 1% and 2%. USA30 added 1.5%, while USA500 went up 1.7%. TECH100 rose by 2.1%. 

Both Oil benchmarks extended their Tuesday gains: Oil rose 2.97% to $32.91 per barrel. Brent Oil added 1.88% to $35.30 per barrel.

Gold lost 0.49% to $1,743.45 per ounce.

ICE dropped by 0.24% to 99.370.


Asia and Australia

Japan225 lost 0.05% after data released showed a collapse in the country’s exports. USD/JPY gained 0.11% to 107.62.

ASX closed lower by 0.41% after stocks on utilities, gold and financials dropped the most. AUD/USD shed 0.54% to 0.6562.

HongKong45 lost more than 0.30% after the US Senate passes the bill on banning any Chinese company that doesn’t comply with security and auditing regulations imposed by it. USD/CNY gained 0.18% to 7.1056, as the US brought into discussion once again how China handled the virus. 


Europe

Europe50 added 1% after many European countries started to ease the lockdown measures. Germany30 closed the session up by 1.34%, hitting a one-month high. 

EUR/USD added 0.50% to 1.0976.

EUR/GBP rose 0.71% to 0.8974.

GBP/USD gained 0.13% to 1.1656 after the rumor about the negative rates became a reality.  

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Sources: marketwatch.com, cnbc.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.