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Optimism marks global equities - Thursday review, May 7

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Yesterday’s events set the markets in motion. Earnings came in better than expected figures.

The USA

The American benchmarks traded higher after a handful of companies released better-than-expected earnings, and the number of unemployment claims came through on a downward trend. USA30 gained 0.89%. USA500 and TECH100 added more than 1%, 1.15% and 1.41%, respectively. 

Oil prices went up yesterday in hopes that the easing of lockdown measures will increase the demand: Brent Oil gained 0.98% to $29.75 per barrel, while Oil added 1.19% to $23.83 per barrel.  

Gold was up 0.07% at $1,726.95.


Asia and Australia

Japan225 rose 2.07% after Japan approved Remdesivir as the go-to drug for the virus.

HongKong45 gained 1.02%.

ASX closed 0.76% higher.

USD/JPY stood still at 106.33.

AUD/USD added 0.64% to 0.6536.



Europe

Europe50 closed higher by more than 1%. Germany30 went up 1.44%

EUR/USD was up 0.17% to $1.0850.

EUR/GBP added 0.09% to 0.8752.

GBP/USD gained 0.28% after BOE said it is open to increasing the stimulus package program at their MPC meeting in June. 

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Sources: investing.com, cnbc.com, marketwatch.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.