The drop in commodity prices drove global markets lower - Monday Review, August 9

By: Miguel A. Rodriguez

11:36, 10 August 2021

Energy stocks slumped, but financials kept losses in check

The US

Wall Street closed in a mixed fashion as investors weight up a slip in energy against gains in financials just as the infrastructure bill is nearing passage through Congress.

USA30 declined 0.30%, while USA500 traded 0.09% lower. TECH100 gained 0.06%.

Crude oil fell 2.12% to $66.83 per barrel.

Gold was down 1.80% to $1731.35 a troy ounce.

The Dollar Index was up 0.20% at 92.983.


Asia and Australia

Most markets were up on Monday, as the latest US jobs report continued to fuel rumors that the country’s federal reserve will begin asset tampering sooner than expected. HongKong45 inched down 0.08%.

Down under, Australia200 was up 0.28%.

The Japanese markets were closed in observance of Mountain Day.

USD/JPY rose 0.10% to 110.36.



Stocks saw a lackluster start to the week, as oil prices weakness drove losses for major energy companies. Germany30 fell 0.10%, while France40 traded 0.06% lower. UK100 declined the most in Europe – 0.2%.

Brent oil lost 2.02%, reaching $69.27 a barrel.

EUR/USD was down 0.20% to 1.1737.



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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.