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Markets kept their momentum - Thursday Review, January 21

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Miguel A. Rodriguez
Miguel A. Rodriguez
22 January 2021
Positive day for global markets after Biden’s inauguration

The US

Following Biden’s inaugurations, the stocks continued their rally to record highs. The executive orders signed by Joe Biden tackling the COVID-19 vaccine, climate change, and many more overshadowed the number of unemployment claims report. USA30 rose 0.3%, while USA500 was up 0.19%. TECH100 gained 0.58%.

Crude oil lost 0.8%, reaching $52.87 per barrel.

Gold rose 0.2% to $1,870.35 per ounce.

 

Asia and Australia

The markets followed their American peers, which were high on optimism that federal spending will kick-start economic growth.

 HongKong45 inched up 0.5%.

Japan225 rose 0.78%.

Down under, Australia200 gained 0.71%.

 

Europe

As the markets expected the European Central Bank to keep interest rates and bond purchases unchanged, they closed in the green. Germany30 traded 0.3% higher. France40 and UK100 each added 0.1%.

Brent oil closed 0.8% lower at $55.65 a barrel.

EUR/USD gained 0.3%, reaching 1.2134.

Read here about the number of US unemployment claims!

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. 

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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.