CAPEX.com
CAPEX.com

Article Hero

Mixed day for the global markets as they prepared for inflation and unemployment data - Wednesday Review, March 31

1617262424.png
Miguel A. Rodriguez
Miguel A. Rodriguez
01 April 2021
A new stimulus package could be in sight for the U.S

The US

Wall Street embraced the bullish stance of tech stocks, with FAANG and Microsoft leading. Moreover, President Biden considers another $2 trillion stimulus package that will focus on infrastructure and clean energy.  USA30 fell 0.26%, while USA500 rose 0.36%. TECH100 was up 1.5%.

Crude oil added 0.4%, reaching $60.77 per barrel.

Gold traded 0.2% lower at $1,683.45 per ounce.

 

Asia and Australia

HongKong45 was down 0.43%.

Japan225 fell 0.60% after multiple banks took a hit from the collapse of Archegos Capital Management.

Down under, Australia200 jumped 1.58% as residents wait for COVID-19-related restrictions to be lifted.

 

Europe

Markets traded lower, giving up some gains from the previous sessions as they expected key inflation and unemployment data. Germany30 and France40 each fell 0.1%. UK100 dropped 0.3%.

Brent oil rose 0.4% to $64.45 a barrel.

EUR/USD traded at 1.1732 after it gained 0.2%.

 

Sources: investing.com, reuters.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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.