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Global markets higher amid US stimulus package - Tuesday Review, February 2

Miguel A. Rodriguez
Miguel A. Rodriguez
03 febrero 2021
Stimulus hopes boosted optimism. Stocks closed higher for the second consecutive day

The US

American stocks finished higher for the second consecutive day, driven by stronger-than-expected earnings. Also, the latest meeting between President Joe Biden and some Republican representatives to discuss the long-touted stimulus package gave investors hope.  USA30 rose 1.57%, while USA500 gained 1.39%. TECH100 added 1.56%.

Crude oil traded 1.2% higher at $54.20 per barrel.

Gold lost 0.7% trading at $1,851.80 per ounce.


Asia and Australia

The market sentiment was boosted by the two-hour meeting between Joe Biden and Republican senators who were looking for a smaller COVID-19 stimulus package.

Japan225 gained 0.96%.

HongKong45 rose 1.60%.

Down under, Australia200 gained 1.28%.



Indices closed in the green buoyed by the good corporate earnings, and the progress made toward a US stimulus package. Germany30 traded 1.1% higher, while France40 rose 1.4%. UK100 climbed 0.5% as the Bank of England is due to hand down its policy decision later this week.

Brent oil closed the day at $56.98 per barrel after it went up 1.1%.

EUR/USD was up 0.2% at 1.2077.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.