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

By: Miguel A. Rodriguez

10:43, 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.

Sources: reuters.com, investing.com

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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.