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Stocks retreat from rally ahead of the Federal Reserve meeting - Thursday Review, August 26

Miguel A. Rodriguez
Miguel A. Rodriguez
27 August 2021
The forthcoming US Federal Reserve symposium keep investors on their toes

The US

Wall Street closed lower, with stocks in consumer discretionary, technology, financials among the biggest losers. Now, investors are waiting for the annual Federal Reserve Jackson Hole policy symposium on Friday. USA30 fell 0.54%, while USA500 lost 0.58%. TECH100 dropped 0.64%.

Crude oil settled down at $67.42 a barrel after it lost 1.4%.

Gold gained 0.15%, trading at $1,792.20 per ounce.

The Dollar Index was up 0.25%.


Asia and Australia

Markets were down, with China’s regulatory tightening for private industries clouding investor sentiment.

Japan225 fell 0.06%.

HongKong45 lost 0.24%.

Down under, Australia200 traded 0.39% lower.



Shares ended lower after data showed faltering German consumer morale amid rising COVID-19 cases. Germany30 dropped 0.4%, marking its lowest level in a week. France40 and UK100 declined 0.2% and 0.4%, respectively.

Brent oil lost 1.6%, reaching $71.07 per barrel.

EUR/USD was down 0.09% to 1.1760.



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.