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Mixed beginning of the week for the markets - Monday Review, June 29

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Markets on both sides of the Atlantic gained.

The US

Though the increase in the number of infections scares investors, the benchmarks seem determined to end the month on a positive note: USA30 added 2.3%. USA500 advanced 1.5%, while TECH100 gained 1.2%. 

Oil prices slipped as the economic reopening is slower than expected – Brent lost 69 cents to $40.33 per barrel. Oil shed 62 cents to $37.87. 

Gold ended the day at $1,781.30 per ounce.

The Dollar Index slipped 0.05% to 97.448.


Asia and Australia

HongKong45 fell 0.49%, as the National People’s Congress Standing Committee is expected to pass the national security law on Hong Kong and Macau. 

Japan225 was down 1.60% after the May retail sales dropped by 12.3%.

Down Under, ASX decreased by 1.62% as the state of Victoria still tries to keep the number of infections under control.

USD/JPY gained 0.15% to 107.72.

AUD/USD added 0.12% to 0.64.27.

USD/CNY lost 0.17% to 7.0671.


Europe

Germany30 gained 1.18% driven by gains in construction, chemicals, and basic resources.  

UK100 rose by 1.3% after Prime Minister Johnson announced a stimulus package that will be used to save the economy and build hospitals, schools, and housing developments.  

GBP/USD lost 0.5% to $1.2273.

EUR/USD was up 0.10% to 1.1228.

EUR/GBP added 0.44% to 0.9139.

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Sources: marketwatch.com, investing.com


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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

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

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