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Stocks closed on record highs as investors believe in a global economic recovery - Wednesday Review, April 7

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Miguel A. Rodriguez
Miguel A. Rodriguez
08 April 2021
The easy monetary policy is kept unchanged by the Federal Reserve

The US

USA30 rose 0.05%, and USA500 went up 0.2%, the latter closing at a new record high. TECH100 was down 0.1%. The Federal Reserve minutes didn’t offer any new data regarding the monetary policy.

Crude oil was at $59.51 a barrel.

Gold closed at $1,736.4 per ounce.

The Dollar Index reached a two-week low at 92.246.

 

Asia and Australia

Markets were mixed, as global markets were close to new record highs, and investors continued to hope for a global economic recovery.

HongKong45 was down 0.60%.

Japan225 inched up 0.02%.

Down under, Australia200 edged up 0.16%.

USD/JPY traded at 109.92.

 

Europe

Stocks were close to record highs as investors were looking for data on services sector activity. Germany30 and France40 traded flat. UK100 gained 0.3% as the country began the rollout of the Moderna COVID-19 vaccine.

Brent oil traded at $62.67 per barrel.

EUR/USD was flat at 1.1871.

Sources: reuters.com, investing.com

This information/research prepared by Andreas Thalassinos 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.