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Blood and tears on the international markets - Thursday Review, May 21

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Benchmarks all over the world ended the day in the red.

The US

The American benchmarks reacted negatively after the Department of Labor released the unemployment claims, and the tensions between the US and China kept rising on. USA30 lost 0.41%, while USA500 dropped by 0.78%. The tech sector lost the most – TECH100 fell 0.97%. 

Oil rose 1.4% to $33.95 per barrel. Brent Oil fell by 4.3% to $34.50 per barrel.

Gold dropped by 1.5% to $1,725.20 per ounce.

ICE added 0.3% to 99.42.


Asia and Australia

HongKong45 reached a seven-week low, closing yesterday's session 3.7% lower after the Chinese government announced that it would impose national security legislation in Hong Kong. 

Japan225 lost 0.25%.

Australia’s ASX shed 0.77%. 

USD/CNY stood still at 7.1387. 

USD/JPY held its spot at 107.63.

AUD/USD declined 0.4% to settle at $0.6568.


Europe

The majority of European benchmarks closed the day on red. Europe50 lost 0.8%, and UK100 fell 0.9%. Italy40 was down 0.7%, while Germany30 lost the most – 1.4%.

EUR/USD traded at $1.0950, a 0.3% increase.

GBP/USD was steady at $1.227. 

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Sources: cnbc.com, seekingalpha.com, investing.com


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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.