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

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

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

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