Risk-off sentiment in US Stock markets

Exclusive Capital Research Team

Exclusive Capital Research Team

See all articles

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.

Important Information: This communication is marketing material. The views and opinions contained herein are those of the author(s) on this page, and may not necessarily represent views expressed or reflected in other Exclusive Capital communications, strategies or funds. This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

Read our detailed Marketing Communication Disclaimer

SHARE

CONNECT WITH OUR TEAM

Explore the ways in which we can help you achieve your investment goals.

OUR PARTNERS
bdo

EXTERNAL AUDITOR

ey

LEGAL ADVISOR

lgt

CUSTODIAN BANK

efg

APPROVED PARTNER

Raiffeisen

DEPOSITORY BANK

Prime Fund

GROUP MEMBER