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Wall Street loses, while the rest gains - Monday Review, July 13

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Markets barely budged over the record number of infections.

The US

The American benchmarks ended the day in the red territory after restaurants, movie theatres, and wineries closed again due to the spike in COVID-19 cases. USA500 lost 0.94%, while TECH100 dropped by 2.13%. Only USA30 saw an increase of 0.04%.

Gold scored the third consecutive session when it traded above $1,800. Yesterday it gained 0.7% and settled at $1,814.10 per ounce.

Oil lost 52 cents to $40.03 per barrel, while Brent dipped 49 cents to $42.75.

Asia and Australia

The Asian market was moved yesterday by the steady recovery, despite the pandemic. Japan225 gained 2.2%.

HongKong45 gained 0.57% even though authorities are overwhelmed by the rising number of cases. However, the investors were looking forward to Chinese trade data for June.  

Down Under, ASX gained 0.98%.

USD/JPY reached a new high at 107.31.

AUD/USD traded at 0.6978 after it gained 0.44%.


The European market was pushed higher by the hopes of new stimuli from France, and the European Central Bank. Germany30 ended the day 1.1% higher. France40 and UK100 gained 1%, and 1.2%, respectively. 

EUR/USD was up 0.2% to 1.1322.

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Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.