Article Hero

Stocks mixed amid COVID-related meetings in Europe - Thursday Review, March 25

1616748843.png
Miguel A. Rodriguez
Miguel A. Rodriguez
26 March 2021
The US markets gained ground as an economic recovery is in sight

The US

Wall Street shrug off some of this week's losses as it closed in the green. The momentum was boosted by the Labor Department's positive data, which showed that the number of unemployment claims dropped to a one-year low. USA30 gained 0.62%, and USA500 went up 0.52%. TECH100 added 0.12%.

Crude oil traded 1.9% lower at $60.02 per barrel.

The Dollar Index reached its highest point since November 2020, trading at 92.697.

Gold lost 0.1% to $1,730.75 per ounce.

 

Asia and Australia

HongKong45 lost 0.22% after the city's administration put on hold the usage of BioNTech SE/Pfizer Inc "until further notice" as manufacturing defects are under investigation.

Japan225 went up 0.71%.

Down under, Australia200 edged up 0.12%.

 

Europe

Stocks traded in a mixed manner, as the focus was on the virtual meeting between EU leaders discussing the third wave of COVID-19 infections. Germany30 lost 0.1%, while France40 traded 0.1% lower, both recently tightening restrictions to curb the spread. UK100 went up 0.2%.

Brent oil fell 1.6% to $63.36 a barrel.

EUR/USD traded at 1.1804 after it lost 1.1804.

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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.