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Markets start to lose some steam - Tuesday Review, April 6

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 April 2021
Bulls hit the pause button in the US, breaking a multi-day winning streak

The US

Last week’s non-farm payrolls figures seem to lose their power over the markets. USA30 fell 0.29%, while USA500 closed 0.1% lower, both snapping a three-day win streak. TECH100 was down 0.1%.

Crude oil traded 1.8% higher at $59.69 per barrel.

Gold rose 0.1% to $1,731.25 per ounce.

 

Asia and Australia

Hong Kong markets were closed for a holiday.

Japan225 declined 1.30%.

Down under, Australia200 rose 0.84% after the Reserve Bank announced that it would maintain its monetary policy unchanged.

AUD/USD was down 0.22% to 0.7632.

USD/JPY gained 0.18% to 110.37.

 

Europe

Stocks traded higher, climbing to record highs, as investors focused on signs of strong global growth. Germany30 went up 0.9%, reaching an all-time high. France40 and UK100 gained 0.5% and 1%, respectively.

Brent oil added 1.6% to $63.17 a barrel.

EUR/USD traded at 1.1806 after it lost 0.1%.

Sources: cnbc.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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