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Markets lower amid WHO warning - Tuesday Review, March 2

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Miguel A. Rodriguez
Miguel A. Rodriguez
03 March 2021
The number of COVID-19 infections rose for the first time in nearly two months during the past week, causing the stocks to put a stop to Monday’s momentum

The US

WHO’s warning that it is too early for countries to rely only on vaccination programs and abandon other measures caused Wall Street to close in the red. USA30 traded 0.46% lower, and USA500 fell 0.78%. TECH100 went down 1.69%.

Crude oil lost 0.9% to $60.11 per barrel.

Gold fell 0.2% to $1,720.25 per ounce.

 

Asia and Australia

HongKong45 slid 1.08% after the changes to the Hang Seng Index were revealed.

Japan225 was down 0.71%.

Down under, Australia200 edged up 0.19% as the country’s Reserve Bank was due to hand down its interest rate decision.

 

Europe

Markets traded lower as investors were worried about the rising number of COVID-19 infections. Germany30 lost 0.5%, France40 fell 0.1%. UK100 dropped 0.2%.

Brent oil traded 1% lower at $63.08 a barrel.

EUR/USD traded at 1.2020 after it lost 0.2%.

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.