Risk-off sentiment in US Stock markets
Exclusive Capital Research Team
Market Brief, Monday, 21st of September, 2020
The major US stock markets saw a sharp sell-off on Friday, through their recent lows, although they are currently off their worst levels. This comes after the quadruple witching and worries over the tech-sector. The Nasdaq is currently trading at 10900 while the S&P is at 3300.
The Asian session was subdued following the selloff in their US counterparts with the ASX down by 0.8% while the Nikkei is closed for Respect for the Aged Day. In China, the Hang Seng and Shanghai Composite were down by 1.1 and 0.5% respectively following a leaked document from HSBC that the bank made suspicious transactions in 2014-2015.
The dollar index traded below the 93 levels heading into this week's risk events. The EURUSD saw the strength and is currently trading around 1.1867 and GBPUSD trading around 1.2950.
WTI and Brent traded marginally higher on Friday and is currently trading within that range. WTI is trading just under 41$ per barrel while Brent is just above 43$ per barrel.
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