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Mixed day for the global markets as asset tapering and COVID-19 concerns loom - Tuesday Review, August 10

Miguel A. Rodriguez
Miguel A. Rodriguez
11 August 2021
The US $1 trillion infrastructure bill clears Senate

The US

Wall Street closed mainly in the green, as economically sensitive value stocks gained after the US Senate’s passed a $1 trillion bipartisan infrastructure package. USA30 rose 0.46%, while USA500 gained 0.10%. TECH100 dropped 0.49%.

Crude oil rose 3.32% to hit $68.69 per barrel.

Gold was up 0.30% to $1,731.75 a troy ounce.

The Dollar Index was up 0.16%, trading at 93.085.


Asia and Australia

Stocks were mixed. Besides the ongoing debate on central bank asset tapering, investors also focused on the impact of a resurgence in COVID-19 cases on the global economic recovery. Japan225 rose 0.90%, with markets reopening after the holiday.

HongKong45 was down 0.36%.

Down under, Australia200 edged up 0.20%.



Markets closed higher as traders shrugged off fears over the Delta variant and rising inflation. Germany30 gained 0.16%. France40 traded 0.10% higher, reaching a new 5-year high.

Brent oil rose 2.88% to trade at $71.03 a barrel.

EUR/USD was down 0.16% to 1.1718.



The information presented herein is prepared by 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.

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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.