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
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
