The political unrest in the US kept the markets on their toes - Wednesday Review, January 6

The political unrest in the US kept the markets on their toes - Wednesday Review, January 6

Georgia runoffs were on everyone’s lips

The US

Even though pro-Trump demonstrators stormed the Capitol building trying to stop the election certification process, most US benchmarks closed in the green. USA30 surged 1.52%, while USA500 added 0.9%. TECH100 lost 0.21%.

Crude oil settled up 1.4% at $50.63 per barrel.

Gold rose 0.1% to $1,956.30 per ounce.

Asia and Australia

The counting for the US Senate runoff election in Georgia kept most Asian markets on their toes, despite the promising economic reading released earlier in the day.

Japan225 traded 0.38% lower.

HongKong45 fell 0.50% after multiple activists and politicians were taken into custody on suspicion of breaking the city’s national security law.

Down under, Australia200 slipped 1.09%.

Europe

Stocks closed higher despite the US political unrest and the extended lockdowns meant to curb the spread of COVID-19.

Europe50 was up 0.7%, while UK100 traded 1.8% higher. Germany30 added 0.8%.

Brent oil rose 1.3%, trading at $54.30 a barrel.

EUR/USD closed the session at 1.2331 after it gained 0.3%.

Sources: reuters.com, investing.com

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