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American stocks reached an all-time high amid stimulus package - Monday Review, February 8

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Miguel A. Rodriguez
Miguel A. Rodriguez
09 February 2021
Tech sector drove most global markets higher

The US

All three major indices closed at all-time highs as investors are waiting for another fiscal stimulus. USA30 closed up 0.76%, and USA500 traded 0.74% higher. TECH100 jumped 0.95%.

Crude oil reached $57.54 per barrel after it went up 0.9%.

Gold went up 1.2% trading at $1,834.20 per ounce.

 

Asia and Australia

The positive US trend extended to the Asian markets, being boosted by the fact that Janet Yellen pushed for the stimulus package to be passed. Moreover, the COVID-19 number of infections showed some improvements. Japan225 jumped 2.15%.

HongKong45 gained 0.71%.

Down under, Australia200 edged up 0.13%.

 

Europe

Stocks traded higher, as optimism grows regarding an economic recovery, as vaccination continue to make progress. Also, Dialog Semiconductor being purchased by Renesas drove the corporate sector higher. Germany30 added 0.1%, while France40 gained 0.4%. UK100 climbed 0.3%.

Brent oil rose 0.9% to $60.12 a barrel.

EUR/USD settled at 1.2035 after it lost 0.1%.

Read here more about the deal between Dialog and Renesas!

Sources: reuters.com, investing.com

This information/research prepared by Andreas Thalassinos 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.