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A potential vaccine made the markets go round - Tuesday Review, August 25

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 Septembrie 2020
The global markets were high on hope

The US

The benchmarks have been pushed higher by a possible COVID-19 #vaccine and Jerome Powell's speech due on Thursday. USA30 fell 0.21%, while USA500 rose 0.36%. TECH100 closed at an all-time high after it gained 0.76%.

#Oil prices reached their highest level in almost six months as Hurricane Laura nearly hit a couple of refineries in the US. Crude Oil added 1.9% to $43.56 per barrel, while Brent inched up 1.6% to $46.39.

Gold settled down 0.8% at $1,923.10 per ounce. 

The Dollar Index fell by 0.2% at 93.061.


Asia and Australia

The stocks were boosted by the records reached by the American benchmarks amid the possible #COVID-19 vaccine. 

Japan225 reached a six-month high after it added 1.35%.

HongKong45 lost 0.17% after a man was found positive for COVID-19 for the second time, confirming, therefore, the hypothesis that reinfection is possible.

Australia200 gained 0.50% even though the Commonwealth Bank of Australia painted a bleak picture of the post-pandemic economic recovery. 

USD/JPY was up 0.20% to 106.19. 


Europe 

The markets followed its peers steps and ended the day on positive territory. Europe50 was up 0.4%, while UK100 added 0.3%. Germany30 rose 0.6%. 

EUR/USD traded 0.4% higher at $1.18325.

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Sources: reuters.com, investing.com


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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel a lucrat pentru instituții financiare importante, precum Banco Santander și Banco Central-Hispano. De asemenea, a publicat cărți despre Forex.