Article Hero

The COVID-19 vaccine moved the markets once again - Monday Review, December 14

1608023557.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
15 December 2020
Markets were mostly high on COVID-19 vaccine approval

The US

The prospects of new restrictions to curb the spread of COVID-19 infections caused most of the benchmarks to close in the red. USA30 fell 0.62%, while USA500 dropped 0.49%. TECH100 jumped 0.50%.

Crude oil closed the session at $47.15 a barrel after it gained 1.3%.

Gold fell 0.7% to $1,830.25 per ounce.

 

Asia and Australia

In part, investors were cheered by Pfizer's COVID-19 vaccine's latest approval by the US Food and Drug Administration.

Japan225 rose 0.59%.

HongKong45 lost 0.04% after some major companies like Alibaba, Tencent-backed China Literature, and Hive Box Technology got fines from its market regulator.

Down under, Australia200 gained 0.51% as the market expects the minutes from the Reserve Bank of Australia's latest policy meeting.

 

Europe

The Brexit negotiations were extended past the Sunday deadline, which led the markets to trade higher. The UK's Prime Minister Boris Johnson and EC President Ursula von der Leyen continue to negotiate a trade deal.

Germany30 and France40 each closed 0.8% higher. UK100 added 0.1%.

Brent oil closed 1.2% higher at $50.55 per barrel.

EUR/USD traded at 1.2144 after it went up 0.3%.

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. 

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.