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Momentum and lethargy on the international markets - Wednesday Review, December 9

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Miguel A. Rodriguez
Miguel A. Rodriguez
10 December 2020
The majority of stocks closed higher as they focused on the COVID-19 vaccine positive data

The US

The lack of progress over the stimulus package caused the markets to close in the red. USA30 fell 0.46%, while USA500 lost 0.84%. TECH100 plunged 1.77%.

Crude oil traded 1% higher at $46.04 per barrel.

Gold lost 0.4% to $1,866.90 per ounce.

 

Asia and Australia

Despite the latest restrictions imposed to curb the COVID-19 infections, the Asian markets closed higher. HongKong45 rose 1.21%.

Japan225 gained 1.09%.

Down under, Australia200 inched higher 0.66%, after the economic reading showed the most significant increase in a decade in consumer sentiment – 4.1%.

 

Europe

The benchmarks closed the session at February highs, the rally being driven by an optimistic outlook on the progress in finding a viable COVID-19 vaccine.

Europe50 and UK100 each added 0.5%. Germany30 closed 1.3% higher, reaching a three-month high.

Brent oil went up 1% to $49.34 a barrel.

EUR/USD gained 0.2% to trade at 1.2129.

Sources: reuters.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.