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Fear of the mutant virus caused investors to sell-off - Monday Review, December 21

Miguel A. Rodriguez
Miguel A. Rodriguez
22 December 2020
The global markets suffered heavy losses at the beginning of the week

The US

Even though Congress approved the $900 billion stimulus package, most markets closed in the red as they focused on the news from Europe. USA30 rose 0.20%, while USA500 was down 0.38%. TECH100 slipped 0.17%.

Crude oil fell 3.70%, hitting $47.42 per barrel.

Gold closed the session 0.3% lower at $1,882.90 per ounce.


Asia and Australia

HongKong45 inched down 0.08% after the country announced it would impose countermeasures in response to the US Commerce Department blacklisting roughly 70 Chinese companies.

Japan225 fell 0.56%.

Down under, Australia200 closed 0.21% lower after the country reported a resurgence in the number of COVID-19 cases.



The stocks tumbled on tighter COVID-19 restrictions in the UK and the travel ban imposed by multiple countries. Europe50 slipped 2.3%. Germany30 lost 2.3%, while UK100 dropped 2.1%.

Brent oil closed at $50.33 a barrel after it inched lower 3.69%.

EUR/USD traded 0.31% lower at 1.2217.

EUR/GBP went up 1.12% to 0.9170.


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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