Mixed beginning of the week for the markets - Monday Review, June 29

By: Miguel A. Rodriguez

09:45, 14 September 2020

Markets on both sides of the Atlantic gained.

The US

Though the increase in the number of infections scares investors, the benchmarks seem determined to end the month on a positive note: USA30 added 2.3%. USA500 advanced 1.5%, while TECH100 gained 1.2%. 

Oil prices slipped as the economic reopening is slower than expected – Brent lost 69 cents to $40.33 per barrel. Oil shed 62 cents to $37.87. 

Gold ended the day at $1,781.30 per ounce.

The Dollar Index slipped 0.05% to 97.448.


Asia and Australia

HongKong45 fell 0.49%, as the National People’s Congress Standing Committee is expected to pass the national security law on Hong Kong and Macau. 

Japan225 was down 1.60% after the May retail sales dropped by 12.3%.

Down Under, ASX decreased by 1.62% as the state of Victoria still tries to keep the number of infections under control.

USD/JPY gained 0.15% to 107.72.

AUD/USD added 0.12% to 0.64.27.

USD/CNY lost 0.17% to 7.0671.


Europe

Germany30 gained 1.18% driven by gains in construction, chemicals, and basic resources.  

UK100 rose by 1.3% after Prime Minister Johnson announced a stimulus package that will be used to save the economy and build hospitals, schools, and housing developments.  

GBP/USD lost 0.5% to $1.2273.

EUR/USD was up 0.10% to 1.1228.

EUR/GBP added 0.44% to 0.9139.

Read the latest financial news and build your trading strategy! Visit CAPEX.com for more!

Sources: marketwatch.com, investing.com


Share this article

This information prepared by capex.com/za 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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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 capex.com/zaJME 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.