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Some markets gain momentum despite recent events - Thursday Review, June 25

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The US markets in full motion

The US

Although they started the day in the red due to the worse than expected unemployment claims, the American benchmarks recovered over the day and ended on positive. USA30 rose 1.18%, while USA500 added 1.10%. TECH100 went up 1.09%.

Oil traded lower after data showed 1.4 million barrels rising in crude stockpiles. Brent lost 0.6% to $40.07. Oil settled at $37.74 per barrel after it lost 0.9%. 

Gold snapped almost 0.3% to trade at $1,770.60 per ounce. 

The Dollar Index reached the highest point since the beginning of the week by rising to 97.60 or 0.3%.


Asia and Australia

The Asian markets traded lower after the US Senate passed a measure by which Chinese companies are sanctioned due to their involvement in imposing the national security laws in Hong Kong and Macau. 

Japan225 lost 1.22%.

HongKong45 ended Thursday, lower by 0.5%.  

Australia’s ASX declined 2.48%. 

USD/JPY added 0.04% to 107.06.

AUD/USD slid 0.07% to 0.6867. 


Europe

In Europe, the markets were pushed by different events: rebounds in consumer confidence, the increase of infection cases, and IMF’s grim predictions. Germany30 traded higher by 0.8%, and France40 rose 0.5%. UK100 lost 1.4%. 

EUR/USD was down 0.1% to 1.1240.

COVID-19 seems to take over the world once again! Visit our Market News section and see its impact on the markets!

Sources: marketwatch.com, reuters.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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