Resurgent COVID-19 cases threaten global economic rebound - Wednesday Review, April 21

Resurgent COVID-19 cases threaten global economic rebound - Wednesday Review, April 21

European and US stocks higher amid quarterly corporate earnings

The US

Wall Street snapped out of a two-day losing streak shrugging off the fresh wave of COVID-19 cases and focusing on the quarterly earnings. USA30 rose 0.94%, while USA500 was up 0.93%. TECH100 traded 1.19% higher.

Crude oil lost 0.2%, trading at $62.52 per barrel.

Gold rose 0.2% to $1,781.85 per ounce.

Asia and Australia

Markets came under pressure after rising COVID-19 cases globally hinted at the possibility of new restrictive measures, threatening the economic recovery.

Japan225 lost 2.07% after Tokyo and Osaka were reportedly due to be declared under a state of emergency.

HongKong45 fell 1.67%.

Down under, Australia200 traded 1.39% lower.

Europe

Stocks traded higher, boosted by strong corporate earnings, overshadowing India's rising number of COVID-19 infections. Germany30 and UK100 each traded 0.5% higher. France40 rose 0.6%.

Brent oil fell 0.3% to $66.40 a barrel.

EUR/USD traded at 1.2005 after it lost 0.2%.

Sources: reuters.com, investing.com

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