Central banks pushed most equities higher - Tuesday Review, June 16

By: Miguel A. Rodriguez

09:45, 14 September 2020

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Most markets regain their last week momentum.

The US

The benchmarks were pushed by the thought of an economic recovery. USA30 added 2%. USA500 gained 1.91%, while TECH100 rose 1.8%.

The oil price fell after data showed an increase in the crude and fuel inventories. Brent Oil dropped by 2.2% to $40.07 per barrel, while Oil lost 2.9% to $37.25. 

Gold added 0.4% to $1,735.90 per ounce.

The Dollar Index went up 0.07% to 97.002.


Asia and Australia

HongKong45 lost 0.06%, even though the government will ease the social distancing even more starting this Friday.

Japan225 lost 1.15% after the central bank's governor announced that the second wave of infections is possible. 

Australia’s ASX added 0.01%. 

USD/CNY closed the day higher by 0.11% to 7.0933. 

USD/JPY lost 0.04% to 107.28.

AUD/USD slid 0.27% to 0.6865.


Europe

The European benchmarks rallied yesterday, pushed by the central bank's support in fighting the pandemic's effects on the economy. UK100 added 2.3%, and Germany30 followed closely with an increase of 2.1%. France40 gained 1.8%. 

EUR/USD rose by 0.1% to 1.1325. 

GBP/USD lost 0.18% to 1.2551.

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Sources: investing.com, marketwatch.com, cnn.com


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