Commodities prices rose, while stocks weakened - Tuesday Review, February 23

By: Miguel A. Rodriguez

13:02, 24 February 2021

Inflation worries persisted as investors reevaluated expectations for a fast economic recovery

The US

Wall Street pulled back even though Jerome Powell eased the concerns regarding the central bank’s economic support, as the accommodative monetary policy will, for the moment, remain the same. USA30 lost 0.21%, and USA500 dropped 0.41%. TECH100 traded 1.47% lower.

Crude oil added 0.9%, trading at $62.22 per barrel.

Gold closed the session at $1,806.30 per ounce after it slipped 0.1%.

The Dollar Index was up 0.1% at 90.143.


Asia and Australia

Stocks were up on Tuesday, recovering some of the losses reported at the beginning of the week.

HongKong45 was up 0.97% as the lists for the city’s residents to be vaccinated with Sinovac’s Coronavac vaccine opened.

Down under, Australia200 gained 0.54% as the COVID-19 vaccine rollout began.

Japanese markets were closed for a holiday.



Markets weakened despite the rising prices of commodities and Boris Johnson’s plan to reopen the British economy fully.

Germany30 inched down 1%. UK100 and France40 lost 0.1% and 0.2%, respectively.

Brent oil rose 0.9% to $64.96 a barrel.

EUR/USD was flat at 1.2151.


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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.