Stocks wobble although the outbreak seems to be under control - Thursday Review, June 18

By: Miguel A. Rodriguez

09:45, 14 September 2020

1592554746.jpg
International tensions are pushing down the markets.

The US

The American benchmarks traded lower after the Unemployment Claims came higher than expected, and due to the new scandal between President Trump and Twitter officials.  USA30 lost 0.1%. USA500 was down 0.5%, while TECH100 slid 0.2%.

Oil gained 0.7% to $38.22 per barrel. Brent Oil added 0.3% to $40.84, after OPEC+ pledged more cuts.

Gold went up 0.25% to $1,735.35 per ounce, as the tensions between the US and China are rising. 

The Dollar Index slipped 0.03% to 97.373.


Asia and Australia

The new outbreak seems to pass by some Asian markets. Japan225 rose 0.33%.

HongKong45 lost 0.09, even though the latest outbreak is kept under control. 

ASX added 1.11% after the Bureau of Statistics announced a 16.3% increase in retail turnover for May. 

USD/JPY lost 0.11% to 106.84. 

AUD/USD gained 0.12% to 0.6860.

USD/CNY closed at 7.0864 after it lost 0.01%.


Europe

France40 lead the losses in Europe with -0.4%. Germany30 lost 0.1%, while UK100 shed 0.3%.

GBP/USD was close to a two-week low at $1.2403 as the bond-buying program set in motion by the Bank of England might not be enough to keep the economy afloat. 

EUR/USD stood still at $1.200. 

Sources: marketwatch.com, investing.com


Share this article

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.