The progress reported on stimulus and Brexit talks keeps the markets on their toes
The markets traded mixedly on Wednesday, the majority of them focusing on the possible stimulus package meant to support small businesses and unemployed people.
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%.
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
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.