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COVID-19 outbreaks kept investors on their toes - Tuesday Review, August 3

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Miguel A. Rodriguez
Miguel A. Rodriguez
04 August 2021
Corporate earnings helped markets trade vastly higher

The US

Wall Street closed in the green, despite concerns over a surge in the Delta variant of COVID-19. Investors focused on gains in Apple and healthcare stocks. USA30 rose 0.8%, while USA500 gained 0.82%. TECH100 added 0.55%.

Crude oil added 0.1%, reaching $71.33 a barrel.

Gold fell 0.6% to $1.812.10 per ounce.

 

Asia and Australia

Down under, Australia200 lost 0.26% after the building approvals contracted 6.7% in June, and the private house approvals fell 11.8% in the same month.

HongKong45 fell 0.80%.

Japan225 traded 0.91% lower. Data released earlier showed that the Tokyo core consumer price index grew 0.1% in July, while the Tokyo CPI contracted 0.1% year-on-year.

 

Europe

Stocks traded largely higher, boosted by a batch of positive corporate earnings, such as British Petroleum. Germany30 traded flat, while UK100 climbed 0.3%. France40 rose 0.8%.

Brent oil rose 0.1% to $72.93 a barrel.

EUR/USD traded 0.1% higher at 1.1882.

 

Sources: investing.com, reuters.com

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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. 

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