Stocks were boosted by a potential vaccine and the US-China trade
The announcement of a possible vaccine for #COVID-19 moved the benchmarks higher. On top of that, China reaffirmed its commitment to Phase 1 of the trade deal. USA30 rose 1.36%, while USA500 added 1.05%. TECH100 went up 0.60%.
Gold settled down 0.4% at $1,939.20 per ounce.
The Dollar Index traded at 93.30.
Asia and Australia
HongKong45 jumped 1.64% after the recent call between the country’s representatives and the US counterparts regarding the deal signed at the beginning of this year.
Japan225 added 0.26% as Prime Minister Abe Shinzo paid a second visit to a hospital in Tokyo, raising concerns about his health.
Down under, Australia200 inched up 0.04%, as the state of Victoria reported 116 new cases of COVID-19 infection on Monday, raising hopes that the recent #outbreak is subsiding.
USD/JPY traded at 105.97.
The stocks moved higher boosted by the prospects of a COVID-19 #vaccine available by November.
EUR/USD went up 0.1% to 1.1810.
GBP/USD traded at 1.3068.
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 za.capex.com