American stocks reached new highs - Thursday Review, February 4

American stocks reached new highs - Thursday Review, February 4

Corporate earnings were in focus

The US

Indices jumped as investors expect the economy to recover faster than forecasted, given that the US unemployment claims reached the lowest level in two months. USA30 rose 1.08%, while USA500 jumped 1.07%. TECH100 went up 1.23% closing at a record high.

Crude oil traded 0.6% higher at $56.07 per barrel.

Gold settled down 2.4% trading at $1,791.20 per ounce.

Asia and Australia

The markets lost their risk appetite, retreating from a three-day rally amid new COVID-19-related restrictions.

Japan225 lost 0.52%.

HongKong45 fell 0.81%.

Down under, Australia200 traded 0.56% lower.

Europe

Stocks traded higher, continuing recent gains as solid corporate earnings and deals drove investors. Germany30 and France40 each gained 0.5%. UK100 climbed 0.6%, while Italy40 rose 0.2%.

Brent oil rose 0.2% reaching $58.81 a barrel.

EUR/USD lost 0.4% trading at 1.1992.

Source: investing.com

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