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A predominantly gloomy day for the global markets - Thursday Review, July 8

Miguel A. Rodriguez
Miguel A. Rodriguez
09 July 2021
Stocks broke their multi-day winning streak

The US

Wall Street lost some ground, with two major indexes pulling back from record highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery. USA30 fell 0.75%, and USA500 lost 0.86%. TECH100 dropped 0.72%.

Crude oil traded 1.5% lower at $71.12 a barrel.

Gold rose 0.2% to $1,806.15 per ounce.


Asia and Australia

Markets were mostly down as the number of COVID-19 started to increase in the region. Moreover, the minutes from the US Fed’s June meeting didn’t provide the expected outlook. Japan225 fell 0.70% ahead of a decision on declaring a fresh state of emergency that is expected to start on July 12 until August 22.

HongKong45 slid 1.92%.

Down under, Australia200 was up 0.28%.



Stocks traded lower ahead of the publication of the European Central Bank’s strategy review. Germany30 traded 1.4% lower, while France40 fell 1.8%. UK100 dropped 1.4%.

Brent oil lost 1.4% trading at $72.44 per barrel.

EUR/USD added 0.2% to 1.1814.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

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