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COVID-19 vaccine hype is starting to wear off - Thursday Review, November 12

Miguel A. Rodriguez
Miguel A. Rodriguez
13 November 2020
The global markets focused on the ever-rising number of COVID-19 infections

The US

The rising number of COVID-19 infections made multiple states reimpose lockdowns and also caused the markets to end in the red. USA30 fell 1.1%, while USA500 traded 1.01% lower. TECH100 dropped 0.65%.

Crude oil settled down 0.8% at $41.12 per barrel, while Brent slipped 0.6% to $43.53.

Gold went up 0.2% reaching $1,865.05 per ounce.


Asia and Australia

HongKong45 lost 0.43% even after one of the largest Asian companies – Tencent posted higher-than-expected quarterly figures, its stock price surging after the announcement.

Japan225shed 0.53%.

Down under, Australia200 fell 0.54%.



Germany30 and France40 each lost 0.7%. UK100 went down 0.8%. The decrease came after the European Central Bank President Christine Lagarde cautioned that the world expects too much too soon from a COVID-19 vaccine.

EUR/USD traded at 1.1787.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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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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