Global markets continue to rally - Monday Review, February 15

Global markets continue to rally - Monday Review, February 15

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.

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