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Global markets mixed as investors wary of the FOMC meeting - Tuesday Review, March 16

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Miguel A. Rodriguez
Miguel A. Rodriguez
17 March 2021
Asian and European markets were boosted by optimism about the global economic recovery, and strong corporate earnings

The US

Stocks snapped out of the five-day winning rally as investors worried over the upcoming FOMC meeting. USA30 fell 0.39%, and USA500 went down 0.2%. TECH100 gained 0.1%.

Crude oil lost 1%, reaching $64.65 a barrel.

Gold rose 0.1% to $1,730.45 per ounce.

 

Asia and Australia

Asian markets were up amid growing optimism regarding a global economic recovery and ahead of the two-day FOMC meeting.

HongKong45 was up 0.39% after the registration for the COVID-19 vaccine opened for 5.5 million more people.

Japan225 gained 0.70%.

Down under, Australia200 surged 1.23%.

 

Europe

Despite Volkswagen’s strong earnings, the fresh COVID-19 concerns caused investors to be cautious. Germany30 traded 0.5% higher, while France40 went up 0.1%. UK100 climbed 0.5%.

Brent oil fell 0.9% to $68.23 a barrel.

EUR/USD traded at 1.1926 after it lost 0.1%.

Sources: reuters.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.