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The markets jumped for joy amid a new possible COVID-19 vaccine - Tuesday Review, December 1

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Miguel A. Rodriguez
Miguel A. Rodriguez
03 December 2020
Stocks traded higher on vaccine data

The US

The benchmarks rejoiced as Pfizer and BioNTech filed for European approval for their COVID-19 vaccine. Moreover, rumor has it that discussions about a new stimulus package will be resumed. USA30 gained 0.91%, while USA500 closed 1.34% higher. TECH100 rose 1.39%.

Crude Oil closed 0.6% higher at $45.69 a barrel.

Gold rose 2.1% to $1,818.90 per ounce.

 

Asia and Australia

HongKong45 was up 0.37% even though the rising number of #COVID-19 infections is forcing the administration to impose tighter restrictions.

Japan255 gained 1.39%.

Down under, Australia200 surged 1.34% as investors believe that the Reserve Bank of Australia will keep its policy unchanged.

 

Europe

The benchmarks closed higher, driven by the positive COVID-19 #vaccine data. Also, the positive economic readings added some steam. Germany30 and UK100 each added 1%. France40 went up 1.7%.

Brent Oil rose 0.8% to $48.26 per barrel.

EUR/USD traded at 1.1976 after it jumped 0.4%.

Sources: reuters.com, investing.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.