The vaccine-induced momentum persisted on the markets - Wednesday Review, November 25

By: Miguel A. Rodriguez

11:14, 26 November 2020

The majority of the global markets continued the rally

The US

The higher-than-expected number of unemployment claims impacted the markets: USA30 fell 0.58%, while USA500 was down 0.14%. TECH100 gained 0.47% as the rumor has it that Slack is to be purchased by Salesforce.

Crude Oil settled up 1.8% at $45.71 per barrel.

Gold added 0.3% settling at $1,810.30 per ounce.

 

Asia and Australia

The stocks closed in the green as optimism over a viable COVID-19 vaccine didn’t dissipate. 

Japan225 surged 1.60%.

HongKong45 rose 1.51% as the city is expected to impose tighter measures to curb the number of COVID-19 infections.

Down under, Australia200 gained 0.84%.

 

Europe

The markets traded higher, still under the influence of the COVID-19 vaccine-induced momentum. Germany30 added 0.2%. France40 and UK100 each traded 0.5% higher.

Brent Oil went up 1.4% to $48.53 a barrel.

EUR/USD traded at 1.1919 after it added 0.3%.

Sources: reuters.com, investing.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.