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Optimism prevailed on the global markets - Tuesday Review, December 15

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Miguel A. Rodriguez
Miguel A. Rodriguez
16 December 2020
COVID-19 vaccine rollout in the US and Brexit talks got the markets going up

The USA

The markets cheered the COVID-19 vaccine rollout and closed in the green territory. USA30 gained 1.13%, while USA500 went up 1.29%. TECH100 added 1.25%.

Gold was up 1.39% to $1,857.55 per ounce.

Crude oil rose 1.19%, reaching $47.55 a barrel.

The Dollar Index lost 0.31% and traded at 90.373.

 

Asia and Australia

The benchmarks traded lower on Tuesday amid tighter COVID-19 restrictions.

HongKong45 fell 0.76%.

Japan225 lost 0.20%.

Down under, Australia200 slipped 0.26% after China banned imports of Australian coal.

USD/JPY closed 0.40% lower at 103.61.

 

Europe

The rising number of COVID-19 infections was put aside as the markets focused on the ongoing Brexit negotiations. Germany30 closed 1.06% higher, while France40 added 0.6%. UK100 climbed 0.3%.

Brent oil added 0.82% to trade at $50.70 a barrel.

EUR/USD traded at 1.2160 after it gained 0.14%.

Sources: investing.com, marketwatch.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.