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Brexit is afoot! - Wednesday Review, December 23

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Miguel A. Rodriguez
Miguel A. Rodriguez
24 December 2020
Stocks ended higher despite pandemic, and US stimulus bill news

The US

Despite the significant number of unemployment claims and President Trump’s reluctance to sign the $900 billion stimulus bill, the day ended mostly on a high note for the country’s benchmarks. USA30 added 0.38%, while USA500 was up 0.07%. TECH100 lost 0.29%.

Crude oil rose 1.98%, hitting $47.95 per barrel.

Gold was up 0.4% at $1,878.10 per ounce.

 

Asia and Australia

The markets closed higher even though the number of COVID-19 cases increased in the past week, and the lockdown restrictions will be in force until the end of the year.

Japan225 edged up 0.12%.

HongKong45 added 0.07%

Down under, Australia200 went up 0.54%.

 

Europe

Brexit being close to an end led to the second consecutive day of gains for stocks on the Old Continent. Europe50 rose 0.3%, while Germany30 gained 1.30%.

Brent oil went up 1.94%, trading at $51.05 a barrel.

EUR/USD traded 0.27% higher at 1.2194.

Read here about the latest US unemployment claims report!

Sources: investing.com, reuters.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.