Mixed day for the global markets as COVID-19 cautious continues - Tuesday Review, August 17

By: Miguel A. Rodriguez

12:12, 18 August 2021

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Major stocks and oil slid amid mixed economic data

The US

Wall Street posted declines as investors grappled with mixed economic metrics and took into account the impact of the ongoing spread of the Delta COVID-19 variant. USA30 fell 0.79%, snapping a five-day winning streak. USA500 lost 0.71%, while TECH100 dropped 0.93%.

Crude oil lost 0.5%, trading at $66.73 a barrel.

Gold rose 0.3% to $1,795.65 per ounce.

 

Asia and Australia

Markets were mostly down, with investors continuing to digest the latest economic data from China amid fears that the latest COVID-19 outbreaks will delay the global economic recovery. Japan225 edged up 0.15%, with the country’s state of emergency set to be extended until September 12.

HongKong45 lost 0.11%.

Down under, Australia200 fell 0.72% after its national bank released the minutes from its latest meeting earlier in the day.

 

Europe

Stocks traded lower, weighed by losses in Asia on fresh Chinese regulatory fears, but BHP Group jumped after confirming the spin-off of its crude assets. Germany30 and France40 each traded 0.4% lower, while UK100 dropped 0.1%.

Brent oil fell 0.5% to $69.19 per barrel.

EUR/USD traded at 1.1769 after it lost 0.1%.

 

Sources: investing.com, reuters.com

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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.