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The end of the quarter was mixed for the markets - Tuesday Review, June 30

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Wall Street had the best quarter in more than 20 years.

The US

The American benchmarks closed higher marking the best quarter in more than two decades: USA30 added 0.84%, while USA500 rose 1.53%. TECH100 gained 1.87%. 

The incoming report from the American Petroleum Institute (API) pushed the Oil prices higher: Crude Oil added 1% and traded at $39.67 per barrel, while Brent rose 0.9% to $41.64.

Gold set a new record closing yesterday’s session at $1,800.50 after it gained 1.1%. It is the highest point it had reached since September 2011 when it traded at $1,911.60. 

The Dollar Index was up 0.1% to 97.645.


Asia and Australia

Though the National People’s Congress Standing Committee passed the security law on Hong Kong, the Chinese benchmark didn’t budge too much and closed the trading session up 0.76%. Still, USD/CNY slipped 0.17%. 

Japan225 gained 1.33% driven by real estate, paper & pulp, and railway & bus sectors. USD/JPY was up 0.13% at 107.70.

Gains in energy, IT, and industrials pushed ASX higher by 1.43%, while AUD/USD lost 0.17% to 0.6853.


Europe

Germany30 rose 0.6% after technology, software, and transportation led shares higher.  

France40 lost 0.19%, with losses led by gas & water, foods & drugs, and the general financial sector.

UK100 fell the most – 0.90% - as the GDP fell by 2.2% in the last quarter. 

GBP/USD lost 0.2% and settled at 1.2276. 

EUR/USD went up 0.07% to 1.1247.

EUR/GBP lost 0.60% to 0.9082.

Markets had a quarter full of events. Read more about what happened on CAPEX.com!

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.