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

By: Miguel A. Rodriguez

12:15, 25 February 2021

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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

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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. 

Most affected instruments

USA500

$ 10

USA30

$ 10

TECH100

$ 10

OIL

$ 10

BrentOil

$ 10

GOLD

$ 10

HongKong50

$ 10

JAPAN225

$ 10

Australia200

$ 10

Germany 40

$ 10

France40

$ 10

UK100

$ 10

EUR/USD

$ 10