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The US is holding its breath over the stimulus package - Thursday Review, October 22

Miguel A. Rodriguez
Miguel A. Rodriguez
23 October 2020
COVID-19 managed to stir the markets in a negative way

The US

USA30 rose 0.57%, while USA500 was up 0.46%. TECH100 went up 0.16%. The increases came after House Speaker Nancy Pelosi announced that the stimulus package deal “is just about there.”

Gold lost 1.3% to $1,904.60 per ounce.

The Dollar Index closed 0.4% higher at 92.97.


Asia and Australia

The benchmarks lost their interest in the new US stimulus package and closed the day in the red. Japan225 fell 0.70%, USD/JPY lost 0.04% to 123.97.

HongKong45 was down 0.25%.

Down under, Australia200 inched 0.56% lower.



The markets closed lower after surveys showed that consumer confidence dropped due to the second wave of COVID-19 infections. After falling 1.2%, Europe50 closed down 0.7% - the lowest level since September 25.

UK100 reached a five-month low closing 0.7% lower.

Germany30 slipped 0.9% after it set a record of COVID-19 infections.

France40 fell 1%.

EUR/USD was flat at 1.1862.


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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.