Notifications Bell

Markets snapped out of their multi-day losing streak - Thursday Review, May 20

Markets snapped out of their multi-day losing streak - Thursday Review, May 20

Tech and earnings reign supreme in the markets

The US

Wall Street closed in positive territory, snapping a three-day losing streak. Moreover, the latest number of unemployment claims boosted investor sentiment. USA30 added 0.55%, while USA500 rose 1.06%. TECH100 gained 1.77%.

Crude oil traded 0.4% higher at $63.61 per barrel.

Gold traded 0.4% lower at $1,874.10 an ounce.

Asia and Australia

Japan225 inched down 0.06%, after April data on imports, exports, and balance outperformed expectations.

HongKong45 fell 0.93%.

Down under, Australia200 rose 0.88%, as data regarding employment for April was mixed.


Stocks traded higher, recovering after the previous session’s significant losses. Strong earnings boosted them, and the fact that the region is starting to reopen the economy. Germany30 traded 0.5%, and France40 went up 0.6%. UK100 climbed 0.4%.

Brent oil rose 0.2% to $66.81 a barrel.

EUR/USD traded 0.2% at 1.2199.


This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.