The uncertainty of the trade-deal made the markets shaky - Monday Review, June 22

By: Miguel A. Rodriguez

09:45, 14 September 2020

1592899503.jpg
International instability has caused markets to jitter

The US

The most important indices gained during yesterday’s trading session as investors are waiting for an increase in the $1.5 trillion infrastructure stimulus proposed by the Democrats last Thursday. USA30 rose 0.59%, while USA500 gained 0.65%. The technological sector leads the gains, TECH100 closing higher by 1.11%.

Oil settled up 1.8% to $40.46 per barrel. Brent Oil rose 2.1% to $43.08. 

Gold fell 0.07% to $1,765.25 per ounce.

The Dollar Index stayed still at 96.998.


Asia and Australia

The Asian benchmarks ended yesterday's trading session jumbled up after President Trump stated that the deal between the States and China is still in force. Moreover, the national security law could be imposed rather soon in Hong Kong. HongKong45 lost 0.46%

Japan225 fell 0.02%.

Down Under, ASX rose 0.18%, even though some restrictions were implemented again in Victoria to curb a second outbreak. 

AUD/USD went up 0.1% to $0.6910.

USD/JPY added 0.30% to 107.19.

USD/CNY was up 0.13% to 70772.


Europe

Besides the fear of the second wave of infections that emerged in the world and made the investors fearful, the EU leaders didn’t reach a consensus regarding the recovery fund discussed last week. Germany30 slid 0.3%. France40 and UK100 lost 0.2% each.

EUR/USD was up 0.3% to 1.1204.

GBP/USD added 0.12% to 1.2475.

Hard to keep up with all that is happening in the markets? Stay updated with the latest news on CAPEX.com!

Sources: investing.com, marktwatch.com, reuters.com


Share this article

This information prepared by capex.com/za 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 capex.com/zaJME 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.