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Global stocks mixed amid Georgia runoff, and OPEC+ meeting - Tuesday Review, January 5

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Miguel A. Rodriguez
Miguel A. Rodriguez
06 January 2021
OPEC+ decision to slash output had a positive impact on the markets

The US

The consensus reached by the OPEC+ members regarding the oil output for February overshadowed the political uncertainties expected from Georgia election runoffs. USA30 rose 0.79%, while USA500 closed 0.88% higher. TECH100 added 0.95%.

Crude oil settled up 4.9% and closed the session at $49.93 per barrel.

Gold fell 0.1% to $1,945.80 per ounce.

 

Asia and Australia

Japan225 inched up 0.01% ahead of Prime Minister Yoshihide Suga's decision to declare a state of emergency on Thursday due to the rising number of COVID-19 infections.

HongKong45 lost 0.16% after the social distancing measures were extended for another two weeks.

Down under, Australia200 slipped 0.26%.

AUD/USD was up 0.70% at 0.7717.

 

Europe

Europe50 went up 0.1%, while UK100 rose 0.6%, boosted by the gains reported by Royal Dutch Shell and BP, and the positive outcome of the OPEC+ meeting.

Germany30 traded 0.1% lower after the government announced that it was looking to extend the lockdown.

Brent oil added 5% trading at $53.64 a barrel.

EUR/USD went up 0.2% to close at 1.2274.

Sources: reuters.com, investing.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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