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Markets snapped out of their multi-day losing streak - Thursday Review, May 20

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Miguel A. Rodriguez
Miguel A. Rodriguez
21 May 2021
Tech and earnings reign supreme in the markets

The US

Wall Street closed in positive territory, snapping a three-day losing streak. Moreover, the latest number of unemployment claims boosted investor sentiment. USA30 added 0.55%, while USA500 rose 1.06%. TECH100 gained 1.77%.

Crude oil traded 0.4% higher at $63.61 per barrel.

Gold traded 0.4% lower at $1,874.10 an ounce.

 

Asia and Australia

Japan225 inched down 0.06%, after April data on imports, exports, and balance outperformed expectations.

HongKong45 fell 0.93%.

Down under, Australia200 rose 0.88%, as data regarding employment for April was mixed.

 

Europe

Stocks traded higher, recovering after the previous session’s significant losses. Strong earnings boosted them, and the fact that the region is starting to reopen the economy. Germany30 traded 0.5%, and France40 went up 0.6%. UK100 climbed 0.4%.

Brent oil rose 0.2% to $66.81 a barrel.

EUR/USD traded 0.2% at 1.2199.

Sources: investing.com, reuters.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.