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Global markets mixed amid economic readings - Wednesday Review, March 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 March 2021
Investors eyed the fiscal stimulus for a strong economic recovery

The US

Wall Street ended in the red, given that the economy hasn’t recovered to pre-pandemic levels. The focus is now on the $1.9 trillion stimulus package. USA30 slipped 1.30%, and USA500 traded 0.68% lower. TECH100 fell 2.70%.

Crude oil traded 0.2% higher at $59.84 per barrel.

Gold fell 0.4% to $1,726.45 per ounce.

The Dollar Index was seen at 90.787.

 

Asia and Australia

Stocks closed in the green after the readings for PMI and GDP came in higher-than-expected, pointing to economic recovery. Japan225 rose 0.45%.

HongKong45 jumped 1.64%.

Down under, Australia200 rose 0.80% after the country’s GDP grew 3.1% in Q4 2021, topping the 2.5% forecasted.

 

Europe

Markets closed higher as investors expect strong economic growth in the second half of the year, with the vaccination programs gaining even more momentum. Europe50 was up 0.35%. Germany30 traded 0.9% higher, and France40 gained 0.8%. UK100 jumped 1.2%.

Brent oil added 0.1%, reaching $62.78 a barrel.

EUR/USD traded at 1.2083.

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.