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The majority of stocks dipped as the pandemic takes over again - Tuesday Review, December 8

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Miguel A. Rodriguez
Miguel A. Rodriguez
09 December 2020
The increasing number of COVID-19 infections overshadowed the stimulus hopes

The US

USA30 rose 0.35%, while USA500 went up 0.28%. TECH100 gained 0.50%. The benchmarks closed higher after the talks regarding a $908 billion stimulus package seem to reach a consensus.

Crude oil added 1% to trade at $45.80 per barrel.

Gold traded 0.2% higher at $1,869.70 per ounce.

 

Asia and Australia

Mixed day for stocks as investors focused on different events. Some paid attention to the rising number of COVID-19 infections, while the others had their eyes on the economic readings.

Japan225 slipped 0.2%%.

HongKong45 was down 0.56% as the Sino-US tensions were escalating.

Down under, Australia200 rose 0.2%, closing in the green for the sixth consecutive session.

 

Europe

Germany30 was down 0.1% after the government announced that it might impose stricter restrictions amid a rise in COVID-19 infections.

UK100 fell 0.3% as the talks between the British and EU leaders didn’t reach common ground regarding Brexit.

Brent oil rose 0.1% to $48.86 a barrel.

EUR/USD traded at 1.2125 after it gained 0.1%.

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. 

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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.