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

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Miguel A. Rodriguez
Miguel A. Rodriguez
22 April 2021
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

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.