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Markets mixed amid earnings, and political data - Wednesday Review, February 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 February 2021
Tech earnings drove the markets lower despite promising quarterly results

The US

Despite tech delivering better-than-expected quarterly earnings, stocks gave up some gains - TECH100 fell 0.02% - but USA30 rose 0.12%, and USA500 was up 0.11%, managing to keep the momentum.

Crude oil closed the session at $55.08 per barrel after it gained 0.6%.

Gold rose 0.3% to $1,838.30 per ounce.

 

Asia and Australia

Stocks were mixed as some focused on the better-than-estimates earnings and the progress made towards a US stimulus package. Others had in mind the restrictions that could be imposed to curb the COVID-19 virus. HongKong45 fell 0.61%.

Japan225 gained 0.67%.

Down under, Australia200 jumped 1.10%.

 

Europe

Germany30 traded 0.6% higher, while France40 gained 0.4%. UK100 added 0.3%. Italy40 closed 2.2% higher after former ECB president Mario Draghi accepted the task to form a new Italian government, a week after Giuseppe Conte handed in his resignation.

Brent oil rose 0.1%, reaching $57.88 a barrel.

EUR/USD settled at 1.2035.

Source: 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.