Despite the economic support, most markets closed in the red | CAPEX.com

10:15, 25 February 2021

Stocks mixed despite economic data, and vaccine rollouts - Wednesday Review, February 24

Most markets gained momentum amid expectations of a new fiscal aid

The US

Stocks closed higher as expectations for a new fiscal stimulus and progress made with the COVID-19 vaccine rollout could potentially lead to a more robust economic recovery. USA30 rose 1.4%, closing at a record high. USA500 added 1.1%, and TECH100 gained 0.99%.

Crude oil lost 0.5% reaching $61.38 per barrel.

Gold settled at $1,805.90 per ounce.

Asia and Australia

Markets were lower even though the US Federal Reserve pledged to continue its support for recovery from COVID-19, and their American peers closed at a record high.

Japan225 fell 0.93%.

HongKong45 slumped 2.36%.

Down under, Australia200 closed 1.05% lower.

Europe

Stocks traded in a mixed manner, as Germany's economic data showed that its economy grew stronger-than-expected at the end of 2020. Germany30 gained 0.4%. UK100 was down 0.7%, and France40 fell 0.1%.

Brent oil closed 0.2% lower at $64.35 per barrel.

EUR/USD traded at 1.2167 after it went up 0.2%.

Sources: investing.com, reuters.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.