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New highs for the US and European stocks - Thursday Review, April 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
02 April 2021
Multiple markets closed at record highs driven by the upcoming US stimulus package

The US

The high number of unemployment claims didn’t deter investors’ optimism for a strong rebound. Tech stocks were the stars for the second consecutive day. USA30 rose 0.52%, and USA500 went up 1.18%, closing at a record high. TECH100 closed 1.76% higher.

Crude oil traded 1.5% higher at $60.05 per barrel.

Gold rose 0.2% to $1,719.75 per ounce.

 

Asia and Australia

Japan225 gained 0.73% as both the Large Manufacturers Index, and Large Non-Manufacturers Index readings came ahead of consensus.

HongKong45 jumped 1.01% even though many of the index’s listed companies failed to report earnings before the March 31 deadline.

Down under, Australia200 was up 0.22% after Brisbane lifted its COVID-19-related lockdown.

 

Europe

Stocks edged to record levels boosted by the US $2 trillion stimulus package, which overshadowed pandemic worries. Germany30 traded 0.6%, closing at an all-time high. France40 rose 0.2%, while UK100 gained 0.5%. Europe50 reached a new record after it added 0.4%.

Brent oil rose 1.4% to $63.60 a barrel.

EUR/USD added 0.1% reaching 1.1738.

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.