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Mixed day for the global markets as asset tapering and COVID-19 concerns loom - Tuesday Review, August 10

Miguel A. Rodriguez
Miguel A. Rodriguez
11 August 2021
The US $1 trillion infrastructure bill clears Senate

The US

Wall Street closed mainly in the green, as economically sensitive value stocks gained after the US Senate’s passed a $1 trillion bipartisan infrastructure package. USA30 rose 0.46%, while USA500 gained 0.10%. TECH100 dropped 0.49%.

Crude oil rose 3.32% to hit $68.69 per barrel.

Gold was up 0.30% to $1,731.75 a troy ounce.

The Dollar Index was up 0.16%, trading at 93.085.


Asia and Australia

Stocks were mixed. Besides the ongoing debate on central bank asset tapering, investors also focused on the impact of a resurgence in COVID-19 cases on the global economic recovery. Japan225 rose 0.90%, with markets reopening after the holiday.

HongKong45 was down 0.36%.

Down under, Australia200 edged up 0.20%.



Markets closed higher as traders shrugged off fears over the Delta variant and rising inflation. Germany30 gained 0.16%. France40 traded 0.10% higher, reaching a new 5-year high.

Brent oil rose 2.88% to trade at $71.03 a barrel.

EUR/USD was down 0.16% to 1.1718.



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.