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Markets mixed amid stimulus rumors - Tuesday Review, January 12

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Miguel A. Rodriguez
Miguel A. Rodriguez
13 January 2021
US stocks higher as they expect Biden’s fiscal stimulus plan

The US

Stocks traded higher on Tuesday ahead of Biden’s possible multi-trillion fiscal stimulus plan. USA30 rose 0.23%, while USA500 added 0.01%. TECH100 gained 0.20%.

Crude oil went up 0.9%, trading at $52.71 per barrel.

Gold closed the session at $1,856.10 per ounce after it gained 0.3%.

 

Asia and Australia

Although countries started to declare a state of emergency due to the rising cases of COVID-19, markets closed higher.  Japan225 went up 0.09%, closing at a five-year high.

HongKong45 gained 0.43%.

USD/JPY lost 0.10% reaching 104.14.

 

Europe

Markets traded mixedly ahead of the European Central Bank President Christine Lagarde’s speech. Germany30 closed 0.3% higher. France40 added 0.1%, while UK100 lost 0.1%.

Brent oil rose 0.8% at $56.11 a barrel.

EUR/USD reached 1.2155 after it went up 0.1%.

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.