The markets are anxious for the new US stimulus package - Wednesday Review, December 16

By: Miguel A. Rodriguez

11:10, 17 December 2020

The progress reported on stimulus and Brexit talks keeps the markets on their toes

The US

The markets traded mixedly on Wednesday, the majority of them focusing on the possible stimulus package meant to support small businesses and unemployed people.

USA30 fell 0.15%, while USA500 went up 0.18%. TECH100 added 0.50%.

Crude oil rose 0.38% at $47.80 per barrel.

Gold settled up 0.64% at $1,867.15 per ounce.

The Dollar Index was down 0.18% at 90.248.

 

Asia and Australia

The benchmarks closed in the green, boosted by optimism for a viable COVID-19 vaccine.

Japan225 was up 0.29%.

HongKong45 rose 0.82% as the government is expected to vote in favor of a $644.99 million stimulus package to help small businesses impacted by the latest COVID-19 restrictions.

Down under, Australia200 surged 1.23%.

USD/JPY traded at 103.48 after it lost 0.17%.

 

Europe

The stocks traded higher amid hopes over a possible Brexit deal. Also, the economic readings came in ahead of expectations. Germany30 added 1.5%, while France40 closed 0.9% higher. UK100 climbed 1.2%.

Brent oil rose 0.47% to trade at $51 a barrel.

EUR/USD gained 0.26%, closing at 1.2183.

Sources: investing.com, reuters.com

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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.