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COVID-19 outbreaks kept investors on their toes - Tuesday Review, August 3

Miguel A. Rodriguez
Miguel A. Rodriguez
04 August 2021
Corporate earnings helped markets trade vastly higher

The US

Wall Street closed in the green, despite concerns over a surge in the Delta variant of COVID-19. Investors focused on gains in Apple and healthcare stocks. USA30 rose 0.8%, while USA500 gained 0.82%. TECH100 added 0.55%.

Crude oil added 0.1%, reaching $71.33 a barrel.

Gold fell 0.6% to $1.812.10 per ounce.


Asia and Australia

Down under, Australia200 lost 0.26% after the building approvals contracted 6.7% in June, and the private house approvals fell 11.8% in the same month.

HongKong45 fell 0.80%.

Japan225 traded 0.91% lower. Data released earlier showed that the Tokyo core consumer price index grew 0.1% in July, while the Tokyo CPI contracted 0.1% year-on-year.



Stocks traded largely higher, boosted by a batch of positive corporate earnings, such as British Petroleum. Germany30 traded flat, while UK100 climbed 0.3%. France40 rose 0.8%.

Brent oil rose 0.1% to $72.93 a barrel.

EUR/USD traded 0.1% higher at 1.1882.



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.