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Global stocks mixed amid Georgia runoff, and OPEC+ meeting - Tuesday Review, January 5

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 January 2021
OPEC+ decision to slash output had a positive impact on the markets

The US

The consensus reached by the OPEC+ members regarding the oil output for February overshadowed the political uncertainties expected from Georgia election runoffs. USA30 rose 0.79%, while USA500 closed 0.88% higher. TECH100 added 0.95%.

Crude oil settled up 4.9% and closed the session at $49.93 per barrel.

Gold fell 0.1% to $1,945.80 per ounce.

 

Asia and Australia

Japan225 inched up 0.01% ahead of Prime Minister Yoshihide Suga's decision to declare a state of emergency on Thursday due to the rising number of COVID-19 infections.

HongKong45 lost 0.16% after the social distancing measures were extended for another two weeks.

Down under, Australia200 slipped 0.26%.

AUD/USD was up 0.70% at 0.7717.

 

Europe

Europe50 went up 0.1%, while UK100 rose 0.6%, boosted by the gains reported by Royal Dutch Shell and BP, and the positive outcome of the OPEC+ meeting.

Germany30 traded 0.1% lower after the government announced that it was looking to extend the lockdown.

Brent oil added 5% trading at $53.64 a barrel.

EUR/USD went up 0.2% to close at 1.2274.

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.