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Global stocks largely higher amid a global economic recovery - Monday Review, March 29

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Miguel A. Rodriguez
Miguel A. Rodriguez
30 March 2021
Various indices closed at an all-time high despite the hedge fund blow-up

The US

Wall Street was mixed at the beginning of the week. USA30 rose 0.30%, closing at an all-time high boosted by Boeing, who received orders for its 737 Max 7 planes. USA500 lost 0.1%, and TECH100 ended down 0.60%.

Crude oil traded 1.5% lower at $60.07 per barrel.

Gold reached $1,727.25 per ounce after it fell 0.3%.

 

Asia and Australia

Stocks were mainly high, but investors had concerns about possible knock-on effects from a wave of block trades on Friday. Japan225 gained 0.89% after the Bank of Japan announced that it would heighten transparency and stabilize markets.

HongKong45 edged up 0.12%.

Down under, Australia200 was down 0.29% after one of the country’s largest cities announced that it would impose a three-day lockdown.

 

Europe

The markets were pushed by the optimism of a global economic recovery, with Germany30 trading 0.3% higher and France40 rising 0.2%. UK100 closed 0.2% lower.

Brent oil fell 1% to $63.80 a barrel.

EUR/USD traded 0.1% lower at 1.1789.

Read more about the hedge fund blow-up here!

 

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.