Most markets took advantage of the positive global sentiment - Wednesday Review, August 4

By: Miguel A. Rodriguez

11:20, 05 August 2021

Weaker-than-expected jobs data that came ahead of the NFP report weighted on stocks

The US

Wall Street closed in a mixed manner, with investors spooked by the signs of weakness in the labor market, at a time when the Federal Reserve continues to signal that easy monetary policy will soon come to an end. USA30 slipped 0.9%, while USA500 fell 0.5%. TECH100 gained 0.1%.

Crude oil traded 0.2% higher at $70.73 a barrel.

Gold rose 0.2% to $1,818.30 per ounce.

 

Asia and Australia

Markets were mainly up, as investors focused on the latest economic data from China.

HongKong45 jumped 1.22%.

Japan225 edged down 0.15%.

Down under, Australia200 was up 0.23%.

 

Europe

The stock market traded broadly higher, driven by positive global sentiment. Germany30 traded 0.4% higher, and France40 rose 0.3%. UK100 climbed 0.2%, ahead of the country’s central bank handing down its monetary policy.

Brent oil rose 0.5% to $72.75 per barrel.

EUR/USD added 0.1% reaching 1.1877.

 

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.