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

By: Miguel A. Rodriguez

10:51, 03 February 2021

1612342221.png
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%.

 

Europe

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.

Sources: reuters.com, investing.com

Share this article

The information presented herein is prepared by CAPEX.com/eu 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.