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Most markets were unbothered by the chaos at the Capitol - Thursday Review, January 7

Miguel A. Rodriguez
Miguel A. Rodriguez
08 January 2021
Additional stimulus relief hope led most markets higher

The US

USA30 rose 0.86%, while USA500 added 1.64%. TECH100 traded 2.67% lower. The increases came as the markets were expecting Democrats to target further fiscal stimulus, switching focus from Wednesday’s riot on Capitol.

Crude oil went up 0.9% to $51.09 per barrel.

Gold added 0.7% trading at $1,921.50 per ounce.

The Dollar Index was up 0.32% at 89.785.


Asia and Australia

Japan255 rose 1.84% even though the country was expected to declare a state of emergency for Tokyo and multiple adjacent prefectures. The end of the state of emergency is set to end on February 7.

HongKong45 lost 0.02%.

Down under, Australia200 added 1.76% as the country’s national cabinet will meet Friday, one month ahead of schedule, according to Prime Minister Scott Morrison.

USD/JPY traded at 103.34 after it went up 0.29%.



The stocks closed mainly higher, as they focused on the possible additional fiscal US stimulus package as the Democrats won in the Senate. Germany30 closed 0.63% higher, hitting an all-time high. France40 went up 0.4%, while UK100 lost 0.3%.

Brent oil closed at $54.64 a barrel after it gained 0.6%.

EUR/USD slipped 0.4% to 1.2282.


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.