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The vaccine setback pushed the markets lower - Tuesday Review, October 13

Miguel A. Rodriguez
Miguel A. Rodriguez
14 October 2020
Investors didn't enjoy the temporary halt in the progress of a COVID-19 vaccine

The US

The benchmarks disregarded the promising beginning of the latest earnings season and focused on the fact that another significant pharma company halted the trials of a potential #COVID-19 vaccine. USA30 fell 0.55% while USA500 was down 0.61%. TECH100 slipped 0.10%.

Crude Oil and Brent gained 0.4%, ending the session at $39.56 per barrel and $41.88. 

Gold lost 1.8% to $1,894.60 per ounce.

The Dollar Index rose 0.5% to 93.55.


Asia and Australia

Japan225 lost 0.07% amid the hiccup in the trials of a potential COVID-19 #vaccine from Johnson & Johnson.

Down under, Australia200 gained 1.18%, after the country is seeking to resolve the ban imposed by China on the Australian coal imports.

USD/JPY gained 0.24% to 105.55.



Germany30 and UK100 lost 0.4% each. France40 fell 0.5%. The drop was caused by the fact that the new wave of infections could negatively impact the ongoing economic recovery.

EUR/USD traded at 1.1785 after it lost 0.2%.


The information presented herein is prepared by 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.

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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.