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Markets rejoice over positive COVID-19 vaccine data- Monday Review, November 16

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Miguel A. Rodriguez
Miguel A. Rodriguez
17 November 2020
Asian markets high over signing the world's largest regional free-trade partnership

The US

Moderna's positive data made the benchmarks close at record highs, even after the US reported more than 11 million cases. USA30 rose 1.60%, while USA500 went up 1.17%. TECH100 added 0.80%.

Gold climbed 0.3% to $1,891.60 per ounce.

Crude oil settled up at $41.34 per barrel, while Brent ended the day 2.4% higher at $43.82.

 

Asia and Australia

The markets surged after fifteen counties, including China, Japan, and Australia, signed the Regional Comprehensive Economic Partnership trade deal. The deal aims to liberalize trading between the countries.

Japan225 surged 2.05%, hitting a five-year high.

HongKong45 was up 0.63%.

Down under, Australia200gained 1.23%.

USD/JPY lost 0.07% to 104.55.

 

Europe

The stocks ended the day in the green, being moved by Moderna's data regarding its experimental COVID-19 vaccine. Germany30 and UK100 each closed 0.7% higher. France40 climbed 0.9%.

EUR/USD traded at 1.869 after it gained 0.3%.

Read here all about Moderna’s drug!

Sources: investing.com, reuters.com

This information/research prepared by Andreas Thalassinos 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.