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

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 January 2021
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

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.