COVID-19 reigned over the markets - Thursday Review, October 15

By: Miguel A. Rodriguez

11:22, 16 October 2020

The rising number of unemployment claims drove the markets lower

The US

The surprising number of unemployment claims took the markets by surprise, making them lose some steam. USA30 lost 0.07%, while USA500 declined 0.15%. TECH100 went down 0.47%.

Gold gained 0.29% to $1,912.85 per ounce.

Crude Oil fell 0.22% to $40.95 per barrel. Brent Oil lost 0.16% to $43.05.

The Dollar Index gained 0.48% to 93.812.


Asia and Australia

The Asian markets mostly closed in the red amid rising #tensions between the US and China. The unlikeliness of a new US stimulus package added fuel to the fire.

Japan225 lost 0.69%.

HongKong45 slipped 1.15%.

Australia200 went up 0.78%.



The benchmarks closed lower after London and Paris imposed new restrictions to curb the spike in #COVID-19 cases. Europe50 was close to a two-week low after it lost 2.1%. UK100 and France40 dropped 2% and 2.2%, respectively.

EUR/USD gained 0.48% to 93.812.

GBP/USD closed down 0.4% to $1.2950.



Share this article

The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.