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Global stocks were off record highs ahead of earnings season - Monday Review, April 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
13 April 2021
Investors were cautious ahead of earnings season

The US

As investors were looking forward to the earnings season to start, Wall Street closed lower. USA30 fell 0.16%, and USA500 lost 0.02%. TECH100 was down 0.36%.

Crude oil went up 0.9% to $59.86 per barrel.

Gold fell 0.3% to $1,739.20 per ounce.

 

Asia and Australia

HongKong45 slid 1.48% as investors await various economic data, such as trade data, trade balance, the first-quarter GDP, and many more.

Japan225 was down 0.55%.

Down under, Australia200 traded 0.40% lower as rates on the 10-year debt jumped past 1.8%.

 

Europe

Stocks edged lower after record highs as they were awaiting the start of the US earnings season, as well as the comments from the Fed and ECB. Germany30 and France40 each lost 0.1%. UK100 fell 0.6% even though shops, pubs, gyms, and hairdressers re-opened after three months of lockdown.

Brent oil rose 1% to $63.61 per barrel.

EUR/USD treaded at 1.1874 after it lost 0.2%.

 

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.