A predominantly gloomy day for the global markets - Thursday Review, July 8

A predominantly gloomy day for the global markets - Thursday Review, July 8

Stocks broke their multi-day winning streak

The US

Wall Street lost some ground, with two major indexes pulling back from record highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery. USA30 fell 0.75%, and USA500 lost 0.86%. TECH100 dropped 0.72%.

Crude oil traded 1.5% lower at $71.12 a barrel.

Gold rose 0.2% to $1,806.15 per ounce.

Asia and Australia

Markets were mostly down as the number of COVID-19 started to increase in the region. Moreover, the minutes from the US Fed’s June meeting didn’t provide the expected outlook. Japan225 fell 0.70% ahead of a decision on declaring a fresh state of emergency that is expected to start on July 12 until August 22.

HongKong45 slid 1.92%.

Down under, Australia200 was up 0.28%.

Europe

Stocks traded lower ahead of the publication of the European Central Bank’s strategy review. Germany30 traded 1.4% lower, while France40 fell 1.8%. UK100 dropped 1.4%.

Brent oil lost 1.4% trading at $72.44 per barrel.

EUR/USD added 0.2% to 1.1814.

Sources: investing.com, reuters.com

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