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The earnings season suits Wall Street - Tuesday Review, June 14

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
A predominantly gloomy day for the markets.

The US

The American market didn't pay attention to the rising COVID-19 cases and focused on the earnings season and the rebound in the tech sector. USA30 gained 2.13%, while USA500 added 1.34%. TECH100 went up 0.94%.

Oil edged higher ahead of the OPEC meeting. Crude went up 0.6% to $42.29 per barrel, while Brent gained 0.4% to $42.90.

Gold was still over the $1,800 threshold even though it fell 0.7% to $1,801.45 per ounce.


Asia and Australia

It wasn't a good day for the Asian markets, as June's Chinese trade data revealed unexpected figures.

HongKong45 fell 1.24%.

Japan225 slipped 0.87%.

Down Under, Australia200 traded 0.61% lower.

USD/JPY went up to 107.30 after it ended the previous session at 106.8.

AUD/USD traded at $0.6944.


Europe

The European market was affected by the UK harmful economic data and concerns regarding the increase in the number of cases.  As a result, Germany30 traded lower by 1.8%. UK100 fell by 1%.

EUR/USD lost 0.1% and traded at 1.1333.

Find out more on CAPEX.com!

Sources: cnbc.com, investing.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.