Article Hero

Markets are bracing themselves for another round of quarterly earnings - Monday Review, February 1

1612255993.png
Miguel A. Rodriguez
Miguel A. Rodriguez
02 February 2021
Global shares rally amid COVID-19 vaccine rollout, and expected tech earnings

The US

Stocks closed in the green as another busy week of quarterly results is in sight, with Amazon and Alphabet due to report in the following days. USA30 rose 0.76%, while USA500 was up 1.57%. TECH100 jumped 2.55%.

Crude oil traded 0.8% higher at $52.61 per barrel.

Gold closed at $1,864.60 per ounce after it went up 0.8%.

The Dollar Index was seen at 90.876.

 

Asia and Australia

As the Reserve Banks decided to inject more money into their countries battered economies, markets were up on Monday. Japan225 added 1.2%.

HongKong45 gained 0.70%.

Down under, Australia200 closed 0.62% higher after the RBA handed down its latest policy, and Perth was put into a five-day lockdown after a COVID-19 case was reported in the city.

USD/JPY traded at 104.772 after it went up 0.03%.

 

Europe

The benchmarks ended higher driven by the fact that the UK managed to vaccinate almost 9 million people. Also, the Eurozone manufacturing PMI edged to 54.8, topping expectations. Germany30 traded 1.2% higher, while France40 rose 1%. UK100 climbed 0.8%.

Brent oil rose 1% to $55.57 a barrel.

EUR/USD lost 0.3% trading at 1.2095.

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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.