CAPEX.com
CAPEX.com

Article Hero

Markets boosted by fiscal stimulus and economic recovery - Tuesday Review, January 19

1611132890.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
20 January 2021
Yellen calls for support on fiscal stimulus, leading markets close higher

The US

Markets closed in the green as Janet Yellen, former Federal Chairwoman, called on lawmakers to support further fiscal stimulus to help the economy.

USA30 rose 0.43%, while USA500 was up 0.86%. TECH100 gained 1.56%.

Crude oil closed 1.34% higher at $53.12 per barrel.

Gold was up 0.7%, trading at $1,841.40 per ounce.

The Dollar Index lost 0.31%, reaching 90.472.

 

Asia and Australia

Investors continued to be hopeful that the latest COVID-19 lockdowns will not underpin the region's economic recovery, leading the markets to close higher.

HongKong45 closed 1.74% higher after the 12- member advisory panel recommended the approval of COMIRNATY, Pfizer, and BioNTech's COVID-19 vaccine.

Japan225 was up 1.22% ahead of the BOJ's policy decision.

Down under, Australia200 added 1.24%.

 

Europe

The markets closed in the green, boosted by Joe Biden's inauguration and the upcoming policy decision of the European Central Bank. Europe50 added 0.1%. Germany30 and France40 each traded 0.2% higher. UK100 climbed 0.4%.

Brent oil rose 2.30% to trade at $56.01 a barrel.

EUR/USD closed the session at 1.2128 after it gained 0.43%.

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.