US

US Stock Markets higher on risk-on sentiment

Exclusive Capital Research Team

Exclusive Capital Research Team

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Market Brief, Monday, 28th of September, 2020

The major US Stock Markets are generally trading higher with Nasdaq and S&P futures trading above Fridays high at 11,213 and 3,318 as risk-on sentiment prevailed on Friday.

The Asian session started the week positively taking the baton from it’s US counterparts with the ASX and Nikkei both trading 0.1 and 0.6% higher. In China, the Hang Seng and Shanghai composite are up 0.6 and 0.2% respectively in contrast to the ongoing US-China tensions.

In the UK, the government is preparing to impose complete social lockdowns as cases over the weekend escalated. The proposed lockdown will see Northern Britain and possibly London being locked down.

The dollar index is trading off its best levels around 94.50 as risk-on sentiment prevailed on Friday. The EURUSD is trading around 1.1635 while GBPUSD is trading around 1.2775.

WTI and Brent traded sideways in a small range with WTI and Brent currently trading around 39.88 and 41.50 respectively.

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