Global markets lost momentum over the ever-rising number of COVID-19 infections - Tuesday Review, October 27

By: Miguel A. Rodriguez

11:42, 28 October 2020

The markets extended loses as the virus continued to wreak havoc

The US

The markets switched their focus from the stimulus package to the rising number of COVID-19 infections. As of yesterday, the States have reported more than 8.7 million infections. USA30 lost 0.80%, while USA500 closed 0.30% lower. TECH100 went up 0.64%.

Brent Oil gained 0.87% at $40.81 per barrel. Crude was up 0.78% at $38.86.

Gold added 0.32% to $1,907.64 an ounce.


Asia and Australia

The benchmarks fell as investors were fearful of the ever-rising number of COVID-19 infections. Japan225 dropped 0.11%.

HongKong45 slid 0.76%.

Down under, Australia200 closed down 1.7%, marking its worst session in a month.

USD/JPY lost 0.03% to 104.78.



Europe50 and Germany30 each fell 0.9%. France40 slipped 1.6%, reaching a one-month low.

The drops came as the markets are worried about a new economic fallout. In Germany, Chancellor Angela Merkel announced a potential “lockdown light” of bars and restaurants.


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