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Major markets took a plunge - Thursday Review, September 10

Major markets took a plunge - Thursday Review, September 10

Crude inventories rose for the first time in seven weeks

The US

The latest report regarding the country's state of #unemployment was a hard pill to swallow for the markets. USA30 fell 1.45%. USA500 went down 1.77%, while TECH100 slumped 2%.

Oil lost 2% and traded at $37.30 per barrel, while Brent settled 1.8% lower at $40.06 after the Energy Information Administration (EIA) reported a 2 million barrels increase in crude inventories.

Gold gained $9.40 and settled at $1,964.30 per ounce.


Asia and Australia

As the number of #COVID-19 infections starts to decrease, the governments are looking to ease the restrictions.

Japan225 rose 0.49%, despite the disagreement between the Defense Minister and the Chief Cabinet Secretary regarding the state of elections.

HongKong45 lost 0.30% after rumors that ByteDance won’t get an extension of the deadline set by the Trump Administration have emerged.

Down under, Australia200 was up 0.39%.


Europe

A combination between a resurgence of COVID-19 cases and the outcome of the #European Central Bank meeting made the European equities slip. Europe50 lost 0.6%, while UK100 was down 0.2%.

France40 fell 0.3%.

EUR/USD gained 0.1% to 1.1818.

Read all about the unemployment claims here!

Sources: investing.com, reuters.com


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