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The upcoming US presidential elections shook the markets - Monday Review, October 2

The upcoming US presidential elections shook the markets - Monday Review, October 2

The global markets are torn between the US presidential elections and the rising cases of COVID-19 infections

The US

The markets gained strength ahead of the most important event of the year – the presidential elections. USA30 gained 1.6%, while USA500 went up 1.23%. TECH100 added 0.42%.

Crude Oil went down 3.8% at $34.42 per barrel. Brent closed down 3% at $36.78. Both benchmarks hit a level that has been unseen since May.

Gold went up 0.1% to $1,882.55 per ounce.

Asia and Australia

The benchmarks closed higher, driven by a promising economic reading. Data showed that the Caixin manufacturing Purchasing Managers Index (PMI) rose to 53.6 in the past month. HongKong45 was up 0.39%.

Japan225 rose 1.41%.

Down under, Australia200 gained 0.84%.

USD/JPY ended the day at 104.72.

Europe

The UK is the latest country to re-enter lockdown to curb COVID-19 infections. As of Tuesday, people need to stay indoors for one month, except for those who attend school, universities, and essential stores. Germany30 and UK100 each traded 0.1% lower. France40 fell 0.2%.

EUR/USD shed 0.2% to 1.1626.

GBP/USD lost 0.2% and closed the session at 1.2916.

Sources: reuters.com, investing.com

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