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A predominantly losing session for global markets - Wednesday Review, February 17

Miguel A. Rodriguez
Miguel A. Rodriguez
18 February 2021
Highs and lows for the stock market

The US

Stocks took a step back, as investors raised concerns about the inflation, after the release of FED’s meeting minutes. USA30 rose 0.29%, while USA500 dropped 0.03%. TECH100 closed 0.58% lower.

Crude oil traded 0.7% higher at $60.45 per barrel.

Gold reached a three-month low after it lost 1.5%, closing at $1,772.80 per ounce.

The Dollar Index was seen at 90.88, a nine-day high.


Asia and Australia

Markets were mostly down on Wednesday as optimism over a rapid economic recovery was overshadowed by COVID-19 vaccines rollouts. Japan225 was down 0.59%.

HongKong45 added 0.10% as the social distancing measures will be relaxed starting Thursday.

Down under, Australia200 edged down 0.45%. Victoria state is about to end a five-day lockdown after no new COVID-19 infections were reported in a cluster.



Despite rallying in the past weeks, stocks took a breather as regional leaders have been cautious about lifting the current restrictions. Germany30 lost 0.3%, and France40 fell 0.1%. UK100 dropped 0.2%.

Brent oil rose 0.9% to $63.91 a barrel.

EUR/USD inched down 0.2% to 1.2075.







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.