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Markets worried over the latest strain of COVID-19 - Tuesday Review, December 22

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Miguel A. Rodriguez
Miguel A. Rodriguez
23 December 2020
President Trump was not happy with the latest stimulus. Markets were shaken by the idea of not receiving the much-needed aid

The US

Benchmarks closed lower as President Trump threatened not to sign the bill regarding the $900 billion stimulus package.

USA30 fell 0.67%, while USA500 lost 0.21%. TECH100 went up 0.51%.

Crude oil traded 1.02% lower at $47.48 a barrel.

Gold lost 0.80% to $1,867.75 per ounce.

 

Asia and Australia

The stocks closed in the red as the new strain of COVID-19 is threatening to trigger new lockdowns and restrictions.

Japan225 slipped 0.45%.

HongKong45 fell 0.33%.

Down under, Australia200 inched 0.95% lower.

 

Europe

Germany30 added 1.29%, while UK100 gained 0.6% even though the rapid spread of the mutant form of COVID-19 led to more stringent restrictions.

Brent oil lost 0.84% and traded at $50.48 per barrel.

EUR/USD was down 0.51% at 1.2179.

GBP/USD was 0.8% lower at 1.3358.

Sources: marketwatch.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.