The world still expects an outcome of the US presidential election
The US
Markets jumped even though the outcome of the presidential election is still unknown. USA30 rose 1.95%, while USA500 was up 1.96%. TECH100 gained 2.59%.
Crude Oil was down 0.8% at $38.84 per barrel. Brent inched 0.6% lower to $40.96.
Gold was up 2.7% at $1,947.65 per ounce.
The Dollar Index was at 93.362.
Asia and Australia
The stocks were up, given that the world is expecting an outcome of the US presidential election. The promising quarterly gains reported by Alibaba increased the momentum. HongKong45 jumped 2.35%.
Japan225 rose 1.7%, reaching a nine-month high.
Down under, Australia200 inched up 0.99%.
USD/JPY settled at 104.38.
Europe
The markets rallied ahead of an official result from the White House. Moreover, the Bank of England announced more fiscal stimulus to support the economy. Europe50 added 0.3%. Germany30 went up 1.1%, while France40 closed 0.9% higher. UK100 climbed 0.2%.
EUR/USD traded at 1.1759 after it gained 0.3%.
GBP/USD lost 0.3% to 1.2941.
Sources: reuters.com, investing.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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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.
