Coronavirus still haunts the markets - Wednesday Review, June 17

By: Miguel A. Rodriguez

09:45, 14 September 2020

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The majority of markets ended in the red as the number of infections increase.

The US

The American benchmarks retreated as new cases emerged across the States. USA30 fell 0.65%, while USA500 shed 0.36%. TECH100 gained 0.15%.

Oil snapped out 1.4% to $37.44 per barrel. Brent Oil fell 0.9% to $40.34 per barrel.

Gold was down 0.05% at $1.734.70 per ounce. 

The Dollar Index lost 0.12% to 97.028.


Asia and Australia

HongKong45 fell 1.21%, after 21 new cases of COVID-19 were reported.

Japan225 shed 1.17%. 

Australia’s ASX lost 1.32%.AUD/USD went down by 0.23% to 0.6867, as the unemployment rate for May rose to 7.1%.

USD/JPY lost 0.13% to 106.86.

USD/CNY slid 0.09% to 7.0777.


Europe

The European benchmarks disregarded the idea of a new wave of infections and focused on the economic recovery in sight. France40 gained 0.9%. Germany30 traded higher by 0.6%, while UK100 was up 0.8%.

EUR/USD added 0.1% to 1.1270. 

GBP/USD gained 0.01% to 1.2555, as a new quantitative easing program worth $125 billion is expected. 

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Sources: investing.com, cnn.com, cnbc.com

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