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Markets up over COVID-19 vaccines, and US fiscal stimulus enthusiasm - Tuesday Review, February 16

Miguel A. Rodriguez
Miguel A. Rodriguez
17 February 2021
Global markets were close to record gains for the twelfth consecutive session

The US

Investors’ optimism continues to increase, as the number of COVID-19 infections decreases, and the possible $1.9 trillion stimulus package is still under review in the Senate. USA30 rose 0.20%, while USA500 lost 0.08%. TECH100 slipped 0.34%.

Crude oil added 0.9%, reaching $60.05 per barrel.

Gold settled down 1.3% at $1,799 per ounce.


Asia and Australia

Stocks were up, driven by the optimism over the rollout of the COVID-19 vaccine.

Japan225 rose 1.48%.

HongKong45 jumped 1.55%.

Down under, Australia200 added 0.28% after the February minutes from the Reserve Bank showed that a possible lifting of inflation would lead to a significant and sustained tightening in the labor market.



Markets pushed higher as strong earnings result reinforced the hopes of broad global economic recovery. Germany30 and France40 rose 0.1%. UK100 climbed 0.4%.

Brent oil closed 0.1% higher at $63.35 a barrel.

EUR/USD traded at 1.2146 after it gained 0.2%.



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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.