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Markets mixed amid COVID-19 silver lining - Monday Review, February 22

Miguel A. Rodriguez
Miguel A. Rodriguez
23 February 2021
Investors cautious as significant economic and medical events took place

The US

Even though the number of COVID-19 infections continues to slow down, and vaccine rollouts gain pace, and a fiscal stimulus is expected to be approved, most markets closed in the red. USA30 rose 0.1%, while USA500 was down 0.77%. TECH100 dropped 2.46%.

Crude oil added 0.5% reaching $59.55 per barrel.

Gold rose 0.9% to $1,792.70 per ounce.


Asia and Australia

Markets were mostly up as the COVID-19 vaccines rollouts advance, and optimism grew for an economic recovery.

Japan225 jumped 0.26%.

HongKong45 inched up 0.05% as it received the first batch of Sinovac Biotech Ltd’s COVID-19 vaccine, and with the registration for priority groups set to open on Tuesday.

Down under, Australia200 edged down 0.14% after the country began its COVID-19 vaccine rollout and reported the third consecutive day with no new infection cases.



Stocks started the week cautiously, as investors focused on the vaccine rollouts and economic developments. Germany30 traded 1.3% lower. France40 and UK100 each dropped 1.1%.

Brent oil rose 0.6% to $62.53 a barrel.

EUR/USD traded 1.2102 after it lost 0.1%.


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.