COVID-19 vaccines shortage dragged markets lower - Thursday Review, January 28

By: Miguel A. Rodriguez

11:02, 29 January 2021

European shares reached one-month low amid pandemic-related issues

The US

Stocks ended in the green, driven by the latest economic readings that point to a steady recovery. Also, the number of unemployment claims came in lower-than-expected. USA30 rose 0.99%, while USA500 added 0.91%. TECH100 gained 0.50%.

Crude oil traded 0.7% lower at $52.50 a barrel.

Gold fell 0.4% to $1,837.60 per ounce.


Asia and Australia

The markets were down after some of the largest companies, such as Tesla, Starbucks, and Boeing, reported disappointing quarterly earnings. Japan225 was down 1.21%.

HongKong45 fell 2.23%.

Down under, Australia200 lost 2.10%.



The mood on the markets was affected by the slow rollout of COVID-19 vaccines. Moreover, various countries are preparing new entry restrictions for travelers from certain parts of the world. Europe50 fell 1.9%, and Germany30 lost 1.7%. France40 and UK100 closed 0.9% and 1.4% lower, respectively.

Brent oil fell 0.6% to %55.20 per barrel.

EUR/USD traded at 1.2102 after it lost 0.1%.

Read here about the latest US unemployment claims report!


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