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Key economic readings moved global markets intensely - Tuesday Review, September 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 Septembrie 2020
European markets traded mixedly after economic readings

The US

The benchmarks were on a roll yesterday, mostly driven by gains reported in the tech sector: #Zoom surged 40%, and #Apple reached a new record high. USA30 added 0.54%, while USA500 was up 0.58%. TECH100 jumped 1.28%. 

Brent Oil added 57 cents to $45.85 per barrel, and Oil gained 56 cents, trading at $43.17.  

Gold settled at $1,978.90 per ounce after it peaked at $2,000.  

The Dollar Index reached a two-week low as it settled at 91.737.


Asia and Australia

Markets ended in the red territory yesterday. HongKong45 lost 0.03% after the US announced another bilateral economic dialogue. 

Japan225 was down 0.25%, even though the Purchasing Managers’ Index (PMI) rose to 47.2 in the past month, from a previous 46.6. 

Australia200 slumped 2.17% ahead of the Reserve Bank's new policy decision.  

AUD/USD lost 0.08% to 0.7368.


Europe

The markets were mixed after the Eurostat report showed an increase in the Eurozone #unemployment rate. Europe50 was up 0.2%. UK100 lost 0.19%. Germany30 added 0.6%, and France40 went up 0.4%.

EUR/USD reached the strongest level it had since May 2018, #trading at $1.1999.

GBP/USD traded at $1.3470.

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Sources: investing.com, seekingalpha.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.