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COVID-19 vaccine hype is starting to wear off - Thursday Review, November 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
13 November 2020
The global markets focused on the ever-rising number of COVID-19 infections

The US

The rising number of COVID-19 infections made multiple states reimpose lockdowns and also caused the markets to end in the red. USA30 fell 1.1%, while USA500 traded 1.01% lower. TECH100 dropped 0.65%.

Crude oil settled down 0.8% at $41.12 per barrel, while Brent slipped 0.6% to $43.53.

Gold went up 0.2% reaching $1,865.05 per ounce.

 

Asia and Australia

HongKong45 lost 0.43% even after one of the largest Asian companies – Tencent posted higher-than-expected quarterly figures, its stock price surging after the announcement.

Japan225shed 0.53%.

Down under, Australia200 fell 0.54%.

 

Europe

Germany30 and France40 each lost 0.7%. UK100 went down 0.8%. The decrease came after the European Central Bank President Christine Lagarde cautioned that the world expects too much too soon from a COVID-19 vaccine.

EUR/USD traded at 1.1787.

Sources: cnbc.com, 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.