Mixed stock markets on the first trading day of 2021 - Monday Review, January 4

Mixed stock markets on the first trading day of 2021 - Monday Review, January 4

European benchmarks kicked off 2021 with a rally, while Wall Street ended lower

The US

Shares dropped significantly amid the upcoming runoff elections in Georgia and the ever-rising number of COVID-19 infections. USA30 fell 1.25%, while USA500 lost 1.48%. TECH100 traded 1.47% lower. Since October, the first two posted the most significant decreases while the latter had the biggest loss since December 9.

Crude oil added 1% to trade at $49 per barrel.

Gold ended the session at $1,931 per ounce.

Asia and Australia

Japan225 lost 0.4% after Prime Minister Yoshihide Suga announced that the government was considering a state of emergency in multiple prefectures and Tokyo after new cases of COVID-19 infections have been reported.

HongKong45 gained 0.92% after NYSE said it would no longer delist three Chinese telecom companies.

Down under, Australia200 rose 1.41%.

USD/JPY traded at 102.80.

Europe

Europe50 gained 1.2% reaching the highest levels since February 2020. Germany30 went up 1.1%, while France40 added 1.3%.

Brent oil ended the session at $53 a barrel.

GBP/USD lost 0.8% and traded at 1.3556 after Prime Minister Boris Johnson imposed a third national lockdown, which is in force until mid-February to curb the latest strain of coronavirus.

Sources: reuters.com, investing.com

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