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Global markets continue to rally - Monday Review, February 15

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Miguel A. Rodriguez
Miguel A. Rodriguez
16 February 2021
Shares hit fresh highs, as vaccine rollouts gained momentum

The US

Markets were closed for the President Day holiday.

Crude oil traded 1.2% higher at $60.21 per barrel.

Gold dipped 0.2% to $1,819 an ounce.

 

Asia and Australia

The new US stimulus package and optimism about the rollout of COVID-19 vaccines led the Asian markets to close in the green. Japan225 climbed 1.9%, reaching a five-year high.

Down under, Australia200 rose 1.91%.

USD/JPY was up 0.25% to 105.19.

 

Europe

Stocks closed higher as the European Union announced fast track approval for COVID-19 vaccines. Germany30 traded 0.3% higher. UK100 was up 2.2%, and France40 rose 0.8%.

Brent oil gained 1.2% to $63.15 a barrel.

EUR/USD went up 0.2% at 1.2138.

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.