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Stocks edged higher amid promising economic data - Thursday Review, April 15

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Miguel A. Rodriguez
Miguel A. Rodriguez
16 April 2021
Strong economic data and corporate earnings kept the momentum alive

The US

Wall Street reached new highs driven by promising data from the Commerce Department and the Department of Labor. USA30 rose 0.90%, closing at a record high. USA500 went up 1.11%, while TECH100 gained 1.3%.

Crude oil lost 0.1% to $63.06 a barrel.

Gold rose 0.6% reaching $1,747.20 per ounce.

 

Asia and Australia

Japan225 inched down 0.03% after the government reportedly considering multiple prefectures to require stricter COVID-19 measures.

HongKong45 fell 1.04% ahead of the GDP, industrial production, and fixed assets investment data due on Friday.

Down under, Australia200 edged up 0.11%.

 

Europe

Stocks edged higher as investors enjoyed a fresh round of economic data and corporate earnings. Germany30 and UK100 each traded 0.4% higher. France40 rose 0.2%.

Brent oil fell 0.1% to $66.50 per barrel.

EUR/USD traded flat at 1.1980.

 

Source: 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.