Oil reached a 13-month high | CAPEX.com

2021-02-17 08:16:44

Markets up over COVID-19 vaccines, and US fiscal stimulus enthusiasm - Tuesday Review, February 16

Global markets were close to record gains for the twelfth consecutive session

The US

Investors’ optimism continues to increase, as the number of COVID-19 infections decreases, and the possible $1.9 trillion stimulus package is still under review in the Senate. USA30 rose 0.20%, while USA500 lost 0.08%. TECH100 slipped 0.34%.

Crude oil added 0.9%, reaching $60.05 per barrel.

Gold settled down 1.3% at $1,799 per ounce.

Asia and Australia

Stocks were up, driven by the optimism over the rollout of the COVID-19 vaccine.

Japan225 rose 1.48%.

HongKong45 jumped 1.55%.

Down under, Australia200 added 0.28% after the February minutes from the Reserve Bank showed that a possible lifting of inflation would lead to a significant and sustained tightening in the labor market.

Europe

Markets pushed higher as strong earnings result reinforced the hopes of broad global economic recovery. Germany30 and France40 rose 0.1%. UK100 climbed 0.4%.

Brent oil closed 0.1% higher at $63.35 a barrel.

EUR/USD traded at 1.2146 after it gained 0.2%.

Sources: reuters.com, investing.com

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