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The technological sector and PBOC moved the markets - Monday Review, August 17

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Mixed reactions from the global markets

The US

The American benchmarks ended the day predominantly higher, as Nvidia and Tesla boosted the tech sector.  USA30 lost 0.31%, while USA500 was up 0.3%. TECH100 gained 1%. 

Brent Oil rose 33 cents settling at $45.13 per barrel, while Oil gained 38 cents to $42.39.  

Gold closed the day at $1,943 per ounce. 


Asia and Australia

The Asian markets were mixed yesterday, pushed by China’s central bank decision to inject liquidity into its financial system. 

Japan225 lost 0.72% as the country fell into a pandemic-induced recession. 

HongKong45 ended 1.30% higher.

Down under, Australia200 was down 0.51%.

USD/JPY was steady at 106.45.



The markets disregarded the fresh outbreaks of COVID-19, and pushed by the positive data from China, ended the day on positive territory. Germany30 added 0.2%, while France40 rose 0.3%.

UK100 was up 0.4%.

EUR/USD added 0.1% and traded at 1.1850.

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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.