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Markets took a breather - Wednesday Review, February 10

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 February 2021
Asian stocks predominantly higher amid hopes of an economic recovery

The US

Markets traded in a mixed manner after Jerome Powell addressed the monetary stimulus situation and the concerns about an expected inflation pick-up. USA30 rose 0.2%, reaching a new record high. USA500 fell 0.03%, while TECH100 slipped 0.25%.

Crude oil gained 0.6%, reaching $56.68 per barrel.

Gold rose 0.4% to $1,845.30 per ounce.

 

Asia and Australia

The optimism over a global economic recovery continued to give momentum to the markets. HongKong45 jumped 1.44%.

Japan225 added 0.02%.

Down under, Australia200 was up 0.70%.

 

Europe

Stocks closed mostly higher, as investors focused on corporate earnings. Germany30 lost 0.1%, while France40 and UK100 each gained 0.1%.

Brent oil went up 0.6% at $61.47 a barrel.

EUR/USD traded at 1.2131.

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.