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Markets take a breather from this week’s rally - Thursday Review, November 26

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Miguel A. Rodriguez
Miguel A. Rodriguez
27 November 2020
Momentum and lethargy on the global markets

The US

The markets were closed for Thanksgiving.

Gold gained 0.5$ trading at $1,813.80 per ounce.

Crude Oil lost 1.5%, settling at $45.02 per barrel.

 

Asia and Australia

The progress reported towards an effective COVID-19 #vaccine and the transition to Biden’s administration boosted investor sentiment.

Japan255 jumped 0.47%.

HongKong45 was up 0.21%.

Down under, Australia200 was down 0.36% even though the State of Victoria reported its 28th day without new #COVID-19 cases.

USD/JPY lost 0.2% settling at 104.24.

 

Europe

Germany30 was flat after the Robert Koch Institute reported more than 32,000 new cases and 300 new deaths for the third consecutive day.

UK100 dropped 0.5% after the country’s finance minister Rishi Sunak announced that the economy could contract 11% this year.

Europe50 lost 0.1%.

Brent Oil fell 1.5% to $47.80 a barrel.

EUR/USD traded at 1.1923 after it gained 0.1%.

EUR/GBP closed 0.2% higher at 89.12

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.