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The global markets focused on the US Presidential Debate - Tuesday Review, September 29

Miguel A. Rodriguez
Miguel A. Rodriguez
30 September 2020
The Presidential Debate took over the market

The US

The markets switched their focus from the long-touted stimulus package negotiations to the spike in COVID-19 infections and the Presidential Debate. USA30 and USA500 each lost 0.48%. TECH100 slipped 0.29%. 

Gold price increased for the second consecutive day, passing the $1,900/ ounce threshold. After it settled up 1.1%, it closed the session at $1,903.20 per ounce. 

Crude Oil fell 3.2% to $39.29 a barrel.

The Dollar Index lost 0.4% and settled at 93.922.

Asia and Australia

The fact that investors were waiting the economic reading for the Purchasing Managers Indexes and the Caixin Manufacturing PMI made the Asian benchmarks close in the red. Japan225 was down 0.26%.

HongKong45 fell 0.9%.

Down under, Australia200 inched up 0.05%.


The World Health Organization stated that Europe is responsible for 25% of the total global number of deaths caused by COVID-19. This pushed the markets downward. Europe50 fell 0.4%. Germany30 and UK100 dropped 1% each. France40 lost 0.7%.

GBP/USD gained 0.2% to 1.2863.

Read here about how the US Presidential Debate impacted the markets!


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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.