Markets focused on the future US stimulus package - Wednesday Review, August 5

By: Miguel A. Rodriguez

09:45, 14 September 2020

Gold reached a new high

The US

The American markets were set in motion by the hopes of another stimulus package. The deal between Johnson & Johnson and the US government added fuel to the fire. USA30 rose 1.39%, and USA500 added 0.64%. TECH100 jumped up 0.52%.

Brent Oil was up 5 cents to $44.48 per barrel. Oil added 2 cents to $41.72.

Gold continued to rally, and after it gained 1.4%, it settled at $2,037 per ounce. 

Asia and Australia

The Asian markets were mixed as some focused on the upcoming US stimulus package, and others on the large number of infections. 

Japan225 was down 0.28%, but USD/JPY rose to 105.64.

HongKong45 gained 0.93%.

Australia200 fell 0.48% after some states closed their borders and imposed stricter restrictions made to curb the spread of the virus. 

AUD/USD ended the day at $0.7200 after it went higher 0.3%.


The European markets followed the example of the US cousins and rallied. Germany30 rose 0.47%. 

France40 was up 0.2%, and UK100 rose 0.37%.

EUR/USD gained 0.67% to 1.1879.

EUR/GBP added 0.19% to 0.9045. keeps you in the loop with everything new on the market!


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.