US markets gained momentum as bond yields fell
Wall Street closed in the green, gains being driven by tech behemoths like Facebook, Apple, Microsoft, Alphabet, and Tesla. Moreover, the US bond yields fell below 1.7%, after last week when they reached a 14-month high. USA30 and USA500 gained 0.35%. TECH100 was up 1.46%.
Brent oil lost 0.5% reaching $61.11 per barrel.
Gold fell 0.7% to $1,729.10 per ounce.
Asia and Australia
HongKong45 was down 0.21% as the Sino-US tensions appear to escalate again after the latter-imposed sanctions against two Chinese officials over alleged human rights abuses. The European Union, Canada, and the UK took similar measures.
Japan225 fell 1.92%.
Down under, Australia200 was up 0.64%.
Stocks were lower at the beginning of the week, weakened by plans for new lockdowns to curb the third wave of COVID-19 infections. Germany30 traded 0.1% higher, while France40 lost 0.6% after both countries announced new restrictive measures. In Germany, the lockdown could be extended into the fifth month, and France to the fourth week. UK100 dropped 0.4%.
Brent oil fell 0.4% to $64.28 a barrel.
EUR/USD traded at 1.1900.
Sources: reuters.com, investing.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.