Markets start to lose some steam - Tuesday Review, April 6

By: Miguel A. Rodriguez

11:18, 07 April 2021

Bulls hit the pause button in the US, breaking a multi-day winning streak

The US

Last week’s non-farm payrolls figures seem to lose their power over the markets. USA30 fell 0.29%, while USA500 closed 0.1% lower, both snapping a three-day win streak. TECH100 was down 0.1%.

Crude oil traded 1.8% higher at $59.69 per barrel.

Gold rose 0.1% to $1,731.25 per ounce.


Asia and Australia

Hong Kong markets were closed for a holiday.

Japan225 declined 1.30%.

Down under, Australia200 rose 0.84% after the Reserve Bank announced that it would maintain its monetary policy unchanged.

AUD/USD was down 0.22% to 0.7632.

USD/JPY gained 0.18% to 110.37.



Stocks traded higher, climbing to record highs, as investors focused on signs of strong global growth. Germany30 went up 0.9%, reaching an all-time high. France40 and UK100 gained 0.5% and 1%, respectively.

Brent oil added 1.6% to $63.17 a barrel.

EUR/USD traded at 1.1806 after it lost 0.1%.


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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.