Rising Sino-US tensions didn’t faze the markets
The US
The benchmarks had a surprise after the Labor Day Holiday. The nosedive of #Tesla drove the sell-off in tech stocks as it dropped more than 20% after it didn't make the cut for the USA500 inclusion. USA30 fell 2.25%. USA500 was down 2.76%, and TECH100 slumped 4.11%.
Gold settled 0.5% higher at $1,943.20 per ounce.
Oil settled down 7.6% at $36.76 per barrel, while Brent Oil lost 5.3% to $39.78.
The Dollar Index rose 0.8% to 93.468.
Asia and Australia
The markets didn't budge over the fact that the US is considering putting the semiconductor manufacturer SMIC on the Entity List. Also, they didn't pay much attention to the new #tensions between the US & China, after President #Trump announced a possible decoupling of the two economies.
HongKong45 gained 0.2%.
Japan225 ended up 0.8%.
Down under, Australia200 rose 0.47%.
AUD/USD traded at 0.7210.
Europe
These benchmarks followed their American peers and ended the day in the red.
Europe50 was down 0.9%. Germany30 traded 0.5% lower, while France40 fell 1%.
EUR/USD traded at 1.1818.
GBP/USD lost 0.3% settling at 1.3135.
Be aware of changes in the financial markets with CAPEX.com!
Sources: investing.com, seekingalpha.com
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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
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.
