A possible steady economic recovery made most markets move positively
The US
Investors lost hope in an economic recovery as the Congress members didn’t reach a consensus regarding the new stimulus package. USA30 fell 0.37%, while USA500 lost 0.79%. TECH100 shed 1.69%.
Yesterday Gold lost 5.35% and settled at $1,921.65 per ounce, marking its most significant drop in seven years.
Oil rose 0.38% to $41.77 per barrel, while Brent added 0.52% and settled at $44.73.
Asia and Australia
The Asian markets were up yesterday, as the Chinese National Bureau of Statistics reported that the consumer price index gained 2.7%. HongKong45 jumped by 2.24%.
Japan225 rose 1.88%.
Australia200 rose 1%.
USD/JPY gained 0.22% to 106.19.
Europe
European markets were moved by the positive data received from China. From the investors' point of view, a steady economic recovery is in sight. Europe50 rose 1.6%.
UK100 climbed 1.8% even though in three months, 220,000 people lost their jobs due to the pandemic. It is the most significant quarterly drop since 2009.
Germany30 gained 2.04%.
EUR/USD added 0.22% to 1.1762.
EUR/GBP was up 0.13% to 0.8989.
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Sources: reuters.com, investing.com
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