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Predominately positive day at the end of the quarter - Wednesday Review, June 30

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 July 2021
European markets closed lower as COVID-19 cases jump

The US

Markets closed higher as investors ended the month and the quarter by largely shrugging off positive economic data and looking forward to Friday’s employment report.

USA30 rose 0.61%, while USA500 gained 0.13%, nabbing its fifth straight record close. TECH100 dropped 0.17%.

Crude oil rose 0.82% to hit $73.58 a barrel.

Gold was up 0.24% to $1,767.85 a troy ounce.

The Dollar Index was up 0.36% at 92.373.

 

Asia and Australia

Stocks mainly were up as a brightening economic outlook, and news that vaccines can act against the Delta variant of COVID-19 boosted investor sentiment.

Japan225 traded 0.04% lower after data released in the day showed that industrial production fell 5.9% month-on-month in May.

HongKong45 inched up 0.01%.

Down under, Australia200 gained 0.57%.

 

Europe

UK100 fell 0.71% over concerns that the recent surge in COVID-19 infections in the country might harm economic growth. Germany30 fell 1.02%.

Brent oil rose 0.69% to trade at $74.79 a barrel.

EUR/USD was down 0.34% to 1.1855.

Sources: investing.com, reuters.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.