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Stocks keep on gaining - Wednesday Review, November 11

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Miguel A. Rodriguez
Miguel A. Rodriguez
12 November 2020
The potential COVID-19 vaccine moved the markets for the third consecutive day

The US

The benchmarks traded mixedly, part of them reacting to the fact that new restrictions might be imposed to curb the spread of COVID-19. On the other hand, others were driven by Microsoft and Apple's success following the launch of their new products. USA30 fell 0.08%, while USA500 gained 0.78%. TECH100 added 2.01%.

Crude settled up 1.5% at $41.99 per barrel. Brent rose 1% at $44.05.

Gold settled down 0.8% at $1,861.40 per ounce.

The Dollar Index traded at 92.741.

 

Asia and Australia

The markets closed higher over optimism that a viable COVID-19 vaccine could be successfully developed and launched. HongKong45 gained 2.24%.

Japan225 rose 5.41%.

Down under, Australia200 traded 1.79% higher.

 

Europe

Pfizer's potential COVID-19 still impacted the markets. Also, Europe was looking forward to Christine Lagarde's speech regarding the economic outlook and stimulus prospects. Europe50 climbed 0.4%. Germany30hit a one-month high after adding 0.56%. France40 went up 0.4%, while UK100 closed 0.2% higher.

EUR/USD closed at 1.1827 after it gained 0.1%.

Sources: investing.com, reuters.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.