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The US-China tensions and the pandemic moved the markets - Tuesday Review, August 18

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 settembre 2020
The Sino-US tensions are still lingering

The US

The majority of benchmarks closed yesterday at records unseen since February: USA500 was up 0.22%, while TECH100 gained 0.73%. USA30 was down 0.24%.

Crude Oil was flat at $42.89, while Brent rose 0.2% to $45.46 per barrel. 

Gold reached $2,020 per ounce for the first time in a week. 

The Dollar Index lost 0.29% to 92.578.


Asia and Australia

The benchmarks were mixed, after the US imposed new restrictions on Huawei Technologies, and the number of COVID-19 infections began to decline.

HongKong45 added 0.17%.

Japan225 lost 0.50%. 

Australia200 rose 0.55% as Victoria state reported the lowest daily increase of infections in a month. 

USD/JPY traded 0.46% lower and settled at 105.50.

AUD/USD went up 0.3% at 0.7236.


Europe

The markets traded lower amid heightened Sino-US tensions, and as the number of infections increased all over the continent. Germany30 and France40 lost 0.1% each. UK100 slipped 0.2%.

EUR/USD added 0.2% trading at 1.1893.

Check-out CAPEX.com for more market news!

Sources: reuters.com, investing.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.