Article Hero

Day of records for US markets - Monday Review, July 26

Miguel A. Rodriguez
Miguel A. Rodriguez
27 Juli 2021
Asian stocks reached a multi-month low as regulation concerns upended Chinese equities

The US

Wall Street closed the day in green territory, with all three major averages clinching record highs ahead of quarterly earnings from big tech and the Federal Reserve's monetary policy decision. USA30 gained 0.24% reaching a record of 35,144.12. USA500 rose 0.24%, closing at a record high of 4,422. The tech-driven TECH100 followed suit and closed at a high of 14,840.70.

Crude oil traded 2% lower at $70.64 a barrel.

Gold rose 0.3% to $1,807.95 per ounce.


Asia and Australia

Japan225 jumped 1.39%, as markets reopened after a holiday and the services purchasing managers' index was released earlier in the day.

Down under, Australia200 edged up 0.13%.

HongKong45 slid 2.13%, with the Hang Seng Tech Index being the worst-performing major tech gauge globally.



Stocks weakened Monday, following losses in Asia after China's latest move against tech companies. Moreover, July's German Ifo business climate index fell to 100.8 from a revised 101.7 the previous month. Germany30 and France40 each traded 0.7% lower. UK100 dropped 0.6%.

Brent oil fell 1.7% to $72.16 a barrel.

EUR/USD added 0.1% reaching 1.1774.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.