All major indices lost yesterday after Fauci’s statement regarding the treatment for the Coronavirus. He said that a treatment or a vaccine would probably be ready in late August or September. Until then, he fears of more cases and deaths as the economy is about to reopen. Moreover, investors expect the Fed’s decision regarding the negative interest rates. USA30 lost 1.89%, while USA500 shed 2.05%. TECH100 dropped 2.06%.
Oil lost 1.63% to $25.36 per barrel. Brent Oil fell 2.03% to $29.37 a barrel.
Gold gained 0.07% to trade at $1,705.65 per ounce.
ICE lost 0.32% to be at 99.950.
Asia and Australia
Loses also continued on the other side of the ocean: Japan225 lost 0.8%. Australia’s ASX went down by 1%.
USD/JPY traded at 107.15 after it dropped from 107.76 – the highest it has been since April 24.
AUD/USD traded lower than it did on Monday, at $0.6473.
In Europe, markets were mixed, the only benchmarks which gained were Europe50 and UK100. The first rose 0.3%, while the latter added 0.9%. Germany30 lost 0.05%.
EUR/USD was at $1.0848.
EUR/GBP gained 0.92% to 0.8837.
GBP/USD was close to a five-week low at $1.2264, as the government doesn’t seem to reach a viable decision regarding the lockdown measures.
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Sources: reuters.com, investing.com, marketwatch.com