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Good beginning of the week for international markets - Monday Review, August 3

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A large number of cases of infections did not affect the markets too much

The US

The American benchmarks were pushed higher by the positive data from COVID-19 vaccine developers. Also, the fact that Microsoft is in talks with ByteDance to buy TikTok made the tech sector gain the most. USA30 rose 1.04% and USA500 gained 0.92%. TECH100 jumped 1.64%. 

Oil lost 17 cents to $40.01, while Brent slipped 14 cents to $43.38 per barrel.

Gold gained 0.04% to $1,985.20 per ounce. 

The Dollar Index rose 0.25%.

Asia and Australia

Japan225 added 1.95% after the PMI (Purchasing Managers Index) rose to 46.9 in July – the highest reading since the beginning of the year - from June’s 43.4.

HongKong45 lost 1.06% after the Chief Executive of Hong Kong announced that the Legislative Council elections are postponed for a year. 

Down under, Australia200 was up 0.15% even though the city of Victoria announced a state of disaster and tightened the lockdown measures after it reported more than 600 new cases on Sunday.

USD/JPY traded at 106.45.

AUD/USD settled at 0.7117.


The European benchmarks traded higher on Monday, moved by the idea of economic improvement. Europe50 rose 0.5%, while France40 added 0.4%. Germany30 went up 1.2%.

EUR/USD lost 0.2% and traded at $1.1728.

GBP/USD traded at $1.3020.

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Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.