Markets took a breather - Wednesday Review, February 10

Markets took a breather - Wednesday Review, February 10

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

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