Investors are starting to lose hope in a post-pandemic economic recovery
The US
The markets ended in the green despite the negative data presented by the Department of Labor. Investors are holding their breaths for another stimulus package. USA30 added 0.20%, while USA500 went up 0.30%. TECH100 gained 0.37%.
Crude Oil lost 0.8% and settled at $39.62 per barrel. Brent fell 0.7% to $41.48.
Gold closed 0.5% higher, at $1,876.90 per ounce.
The Dollar Index closed 0.1% lower at 94.433 after it reached a two-month high during the day.
Asia and Australia
The benchmarks closed in the red after surveys showed that the praised economic recovery is happening only in the wealthy coastal regions.
Japan225 was down 0.78%.
HongKong45 fell 1.91%.
Down under, Australia200 lost 1.13%.
USD/JPY closed at 105.44.
Europe
The markets closed lower, driven by both an investor’s fear of another wave of COVID-19 infections and a possible economic recovery stagnation. Germany30 and France40 lost 0.6% and 0.8%, respectively. UK100 traded 0.9% lower.
EUR/USD gained 0.1% to 1.1672.
Sources: investing.com, reuters.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
