Article Hero

Markets boosted by fiscal stimulus and economic recovery - Tuesday Review, January 19

1611132890.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
20 January 2021
Yellen calls for support on fiscal stimulus, leading markets close higher

The US

Markets closed in the green as Janet Yellen, former Federal Chairwoman, called on lawmakers to support further fiscal stimulus to help the economy.

USA30 rose 0.43%, while USA500 was up 0.86%. TECH100 gained 1.56%.

Crude oil closed 1.34% higher at $53.12 per barrel.

Gold was up 0.7%, trading at $1,841.40 per ounce.

The Dollar Index lost 0.31%, reaching 90.472.

 

Asia and Australia

Investors continued to be hopeful that the latest COVID-19 lockdowns will not underpin the region's economic recovery, leading the markets to close higher.

HongKong45 closed 1.74% higher after the 12- member advisory panel recommended the approval of COMIRNATY, Pfizer, and BioNTech's COVID-19 vaccine.

Japan225 was up 1.22% ahead of the BOJ's policy decision.

Down under, Australia200 added 1.24%.

 

Europe

The markets closed in the green, boosted by Joe Biden's inauguration and the upcoming policy decision of the European Central Bank. Europe50 added 0.1%. Germany30 and France40 each traded 0.2% higher. UK100 climbed 0.4%.

Brent oil rose 2.30% to trade at $56.01 a barrel.

EUR/USD closed the session at 1.2128 after it gained 0.43%.

Sources: reuters.com, investing.com

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.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.