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Markets await more stimulus and COVID-19 vaccine news - Thursday Review, December 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 December 2020
Markets focused on the COVID-19 vaccine for the third day in a row

The US

The ongoing hope for a new #stimulus package continued to improve investor sentiment. USA30 rose 0.63%, while USA500 went up 0.30%. TECH100 added 0.53%.

Crude Oil settled up 0.6% at $45.64 a barrel.

Gold traded 0.7% higher at $1,842.10 per ounce.

 

Asia and Australia

The benchmarks closed in the green, driven by the good economic reading that showed the beginning of a post-pandemic rebound. Moreover, the thought of a viable #COVID-19 vaccine boosted the markets.

HongKong45 was up 0.29%.

Japan225 edged up 0.15%.

Down under, Australia200 surged 0.42%.

 

Europe

The markets stagnated as they were expecting more news about the COVID-19 #vaccine’s approval. Germany30 inched 0.2% lower, while France40 fell 0.3%. UK100 gained 0.1%.

Brent Oil went up almost 1%, trading at $48.71 per barrel.

EUR/USD traded at 1.2117 after it added 0.1%.

Sources: 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.