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Reopening optimism led markets to an all-time high - Monday Review, April 5

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 April 2021
Global stocks rose to new highs after data showed a surge in US employment in the past month

The US

Wall Street closed in the green as tech, and the ease of COVID-19 related restrictions pointed to economic recovery. USA30 added 1.13%. USA500 rose 1.41%, closing at a new high of 4,076.72. TECH100 was up 1.67%.

Crude oil settled down 4.6% at $58.65 per barrel.

Gold lost 0.4% trading at $1,724.70 per ounce.

 

Asia and Australia

HongKong45 closed almost 2% higher after the Purchasing Managers’ Index for March came in at 54.3, topping February’s 51.5.

Japan225 rose 0.8%.

Down under, Australia200 advanced 0.75% ahead of the Reserve Bank’s announcement on its decision regarding the monetary policy.

USD/JPY traded at 110.65.

 

Europe

The European markets were closed for Easter Monday.

Brent oil lost 4.2%, trading at $62.15 a barrel.

EUR/USD stood at 1.1752.

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.