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American stocks reached new highs - Thursday Review, February 4

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 February 2021
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

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. 

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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.