Markets were taken aback by the new wave of COVID-19 infections - Monday Review, September 21

September 22, 2020

A scandal emerged in the global banking sector

Asia and Australia

The worldwide scandal in the banking sector, where HSBC is one of the main banks accused of moving illicit money in various offshore accounts, made HongKong45 lose 1.09%.

Down under, Australia200 traded 0.71% lower, while the AUD/USD pair went up 0.41% to 0.7319.

Europe

The benchmarks reported losses after the number of COVID-19 infections increased, forcing countries to consider new lockdowns.

Europe50 and UK100 lost 1.7% and 2.4%, respectively, both reaching a two-week low. Germany30 closed 2% lower.

EUR/USD ended the day at 1.18325.

The US

The benchmarks started the week on the negative note, ending the day in the red as another stimulus package is not up for discussion. USA30 lost 2.28%, and USA500 slipped 1.76%. TECH100 went down 0.85%.

Oil prices fell by more than 4% amid a possible increase in the global supply if the Libyan peace act comes true. Crude Oil traded 4.4% lower at $39.31 a barrel, and Brent closed the day at $41.44 after losing 4%.

Gold closed at $1,909.05 per ounce.

Sources: investing.com

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