Markets mixed amid stimulus rumors - Tuesday Review, January 12

Markets mixed amid stimulus rumors - Tuesday Review, January 12

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

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