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Markets mostly down ahead of the Federal Reserve’s meeting - Tuesday Review, April 27

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Miguel A. Rodriguez
Miguel A. Rodriguez
28 April 2021
Investors exercised caution ahead of FED’s meeting, big tech earnings

The U.S.

Wall Street traded largely flat ahead of the two-day FED meeting due to start Wednesday. USA30 added 0.01%, while USA500 fell 0.02%. TECH100 traded 0.34% lower.

Crude oil rose 2.12% to $63.22 a barrel.

Gold was down 0.28% to $1,775.15 per ounce.

The Dollar Index was up 0.12% at 90.890.

 

Asia and Australia

Japan225 traded 0.4% lower, as new COVID-19 infections remained a worry in the region even though the Bank of Japan announced that it would keep the monetary policy unchanged.

HongKong45 inched down 0.09%.

Down under, Australia200 fell 0.50%.

USD/JPY rose 0.63% to 108.77.

 

Europe

Stock market traded mostly unchanged, with investors focusing on earnings from companies like HSBC and BP, ahead of the start of the Federal Reserve’s two-day meeting.

Germany30 and France40 were flat. UK100 climbed 0.1%.

Brent oil traded 1.72% higher at $66.15 a barrel.

EUR/USD traded at 1.2087 after it gained 0.03%.

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.