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Global stocks mixed amid new lockdown fears and rising Sino-US tensions - Monday review, March 22

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Miguel A. Rodriguez
Miguel A. Rodriguez
23 March 2021
US markets gained momentum as bond yields fell

The US

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%.

 

Europe

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

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.