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Stimulus talks led markets higher again - Thursday Review, October 8

Miguel A. Rodriguez
Miguel A. Rodriguez
09 October 2020
Global shares advanced on stimulus hopes

The US

Despite Nancy Pelosi’s announcement that she will not support an airline relief without a wide-ranging stimulus package, the US benchmarks ended the day in the green zone. USA30 rose 0.21%, while USA500 was up 0.63%. TECH100 added 0.32%.
Crude oil traded 0.9% higher at $40.32 per barrel. Brent oil ended the session at $42.41 a barrel after it rose 1%.
Gold rose 0.2% to $1,894.70 per ounce. 


Asia and Australia

HongKong45 was down 0.86% ahead of the Caixin Services Purchasing Managers Index report due on Friday. 
Japan225 rose 0.98% being close to a seven-month high. 
Down under, Australia200 jumped 1.36% after the fiscal support proposed on Wednesday boosted the markets for a second day. 
USD/JPY closed at 105.97 after it gained 0.01%.



The new wave of COVID-19 infections resulted in imposing new restrictions all over the continent. However, the markets focused on the possible US stimulus package. Germany30 traded 0.8% higher, while France40 rose 0.5%. UK100 climbed 0.2%. 
EUR/USD was up 0.1% to 1.1765.


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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.