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Promising key economic readings have given markets momentum - Thursday Review, October 29

Promising key economic readings have given markets momentum - Thursday Review, October 29

Losses and gains tore the global markets apart

The US

The benchmarks focused on the positive data from the Department of Labor and the Bureau of Economic Analysis. The ever-rising number of COVID-19 infections was left untouched. USA30 rose 0.52%, while USA500 added 1.19%. TECH100 climbed 1.64%.

Crude Oil lost 3.4% to $36.17 per barrel. Brent ended the session at $37.65 a barrel after dropping 3.8%.

Gold was down 0.60%, closing at $1.867.90 per ounce.

The Dollar Index gained 0.58% to 93.955.

Asia and Australia

Even though the American and European markets shook the pandemic’s effects, the Asian markets did the opposite. Japan225 fell 0.3%.

HongKong45 closed 1.38% lower.

Australia200 was down 1.6%.

Europe

Although the ECB announced that it wouldn't make any changes in its policy, and a stimulus package could happen somewhere in December, the markets ended the day in the green. Europe50 rose 0.4%, while Germany30 advanced 0.7%. UK100 went up 0.3%.

EUR/USD lost 0.01% to 1.1673.

Sources: reuters.com, investing.com

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