Article Hero

The global markets are at the mercy of COVID-19 - Monday Review, October 26

Miguel A. Rodriguez
Miguel A. Rodriguez
27 October 2020
The world still expects a US stimulus package

The US

USA30 fell 2.3%, while USA500 went down 1.8%. TECH100 closed 1.6% lower. The drop was due to the record number of COVID-19 infections reported – more than 85,000.

Gold was up 0.1% at $1,903.55 per ounce.

The Dollar Index ended the day at 93.04 after it gained 0.3%.

Crude Oil and Brent each lost $0.73 and closed at $41.04 and $39.12 per barrel, respectively.


Asia and Australia

The markets fell after the world reported new cases of #COVID-19 infections. The fact that the long-touted US #stimulus package could probably happen after the US elections added fuel to the fire. Japan225 eased 0.09%.

HongKong45 was shy of a 1% drop.

Down under, Australia200 shed 0.18%.

USD/JPY gained 0.18% to 104.88.



Europe50 tumbled 0.5% after a couple of countries imposed new lockdowns to curb the spread of COVID-19. Germany30 dropped 2% after SAP poster lower-than-expected Q3 figures.

Italy40 fell 0.9% after new restrictions were imposed - bars and restaurants now function until 6 PM, while public gyms and cinemas close their doors to customers. 


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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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

Share this article

How did you find this article?


Read More

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.