Contest Trader

Don't miss the chance to cash-in prizes totaling

$10.000
Register here for the Ultimate demo trading competition

“Presidential Elections” – that’s on markets’ lips - Tuesday Review, November 3

“Presidential Elections” – that’s on markets’ lips - Tuesday Review, November 3

Global markets maintain the election-induced momentum

The US

The markets rallied on elections day. Stocks went up boosted by hopes that a new stimulus package will be rolled out if Biden wins. USA30 jumped 2.06%, while USA500 was up 1.73%. TECH100 added 1.85%.

Crude traded at $36.98 per barrel after it gained 0.5%. Brent inched up 0.3% to $39.07.

Gold was flat at $1,892.50 per ounce.

Asia and Australia

HongKong45 went up 1.77% after the promising figures regarding the country’s manufacturing PMI were released.

Down under, Australia200 rose 1.79% ahead of the monetary policy that will be announced by the Reserve Bank.

Europe

To the momentum reported on the markets contributed not only the US presidential elections but also the earnings season. Promising results came from companies like Hugo Boss and IWG. Germany30 traded 0.6% higher. France40 went up 0.8%. UK100 climbed 1%.

EUR/USD closed at 1.1684 after it gained 0.4%.

Sources: reuters.com, investing.com

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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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