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Markets await the Jackson Hole Symposium - Wednesday Review, August 25

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Miguel A. Rodriguez
Miguel A. Rodriguez
26 August 2021
Oil prices remained high thanks to China’s stamping out its latest COVID-19 outbreak and easing fuel demand concerns

The US

Wall Street gained ground, with chipmakers and financials helping indices to close at record highs. Investors were looking for the upcoming Jackson Hole Symposium. USA30 rose 0.11%, and USA500 gained 0.22%. TECH100 added 0.15%.

Crude oil traded 0.1% lower at $67.52 a barrel.

Gold fell 0.8% to $1,794.35 per ounce.

 

Asia and Australia

Markets were up, thanks to the US’ counterparts rally, which recorded a solid end to the previous session. Japan225 was up 0.36%.

HongKong45 gained 0.66%.

Down under, Australia200 traded 0.28% higher.

 

Europe

Stocks ended higher, with the German market trading largely flat after releasing a disappointing business sentiment gauge. France40 rose 0.2%, and UK100 gained 0.1%.

Brent oil fell 0.1% to $70.36 per barrel.

EUR/USD traded at 1.1740 after it lost 0.1%.

 

Sources: investing.com, reuters.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.