Article Hero

“Presidential Elections” – that’s on markets’ lips - Tuesday Review, November 3

1604479718.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
04 November 2020
Global markets maintain the election-induced momentum

The US

The markets rallied on elections day. Stocks went up boosted by hopes that a new stimulus package will be rolled out if Biden wins. USA30 jumped 2.06%, while USA500 was up 1.73%. TECH100 added 1.85%.

Crude traded at $36.98 per barrel after it gained 0.5%. Brent inched up 0.3% to $39.07.

Gold was flat at $1,892.50 per ounce.

 

Asia and Australia

HongKong45 went up 1.77% after the promising figures regarding the country’s manufacturing PMI were released.

Down under, Australia200 rose 1.79% ahead of the monetary policy that will be announced by the Reserve Bank.

 

Europe

To the momentum reported on the markets contributed not only the US presidential elections but also the earnings season. Promising results came from companies like Hugo Boss and IWG. Germany30 traded 0.6% higher. France40 went up 0.8%. UK100 climbed 1%.

EUR/USD closed at 1.1684 after it gained 0.4%.

Sources: reuters.com, investing.com

The information presented herein is prepared by CAPEX.com/eu 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.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.