Day of records for US markets - Monday Review, July 26

By: Miguel A. Rodriguez

10:53, 27 July 2021

Asian stocks reached a multi-month low as regulation concerns upended Chinese equities

The US

Wall Street closed the day in green territory, with all three major averages clinching record highs ahead of quarterly earnings from big tech and the Federal Reserve's monetary policy decision. USA30 gained 0.24% reaching a record of 35,144.12. USA500 rose 0.24%, closing at a record high of 4,422. The tech-driven TECH100 followed suit and closed at a high of 14,840.70.

Crude oil traded 2% lower at $70.64 a barrel.

Gold rose 0.3% to $1,807.95 per ounce.


Asia and Australia

Japan225 jumped 1.39%, as markets reopened after a holiday and the services purchasing managers' index was released earlier in the day.

Down under, Australia200 edged up 0.13%.

HongKong45 slid 2.13%, with the Hang Seng Tech Index being the worst-performing major tech gauge globally.



Stocks weakened Monday, following losses in Asia after China's latest move against tech companies. Moreover, July's German Ifo business climate index fell to 100.8 from a revised 101.7 the previous month. Germany30 and France40 each traded 0.7% lower. UK100 dropped 0.6%.

Brent oil fell 1.7% to $72.16 a barrel.

EUR/USD added 0.1% reaching 1.1774.


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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.