Momentum and lethargy on the international markets - Wednesday Review, December 9

By: Miguel A. Rodriguez

11:20, 10 December 2020

The majority of stocks closed higher as they focused on the COVID-19 vaccine positive data

The US

The lack of progress over the stimulus package caused the markets to close in the red. USA30 fell 0.46%, while USA500 lost 0.84%. TECH100 plunged 1.77%.

Crude oil traded 1% higher at $46.04 per barrel.

Gold lost 0.4% to $1,866.90 per ounce.


Asia and Australia

Despite the latest restrictions imposed to curb the COVID-19 infections, the Asian markets closed higher. HongKong45 rose 1.21%.

Japan225 gained 1.09%.

Down under, Australia200 inched higher 0.66%, after the economic reading showed the most significant increase in a decade in consumer sentiment – 4.1%.



The benchmarks closed the session at February highs, the rally being driven by an optimistic outlook on the progress in finding a viable COVID-19 vaccine.

Europe50 and UK100 each added 0.5%. Germany30 closed 1.3% higher, reaching a three-month high.

Brent oil went up 1% to $49.34 a barrel.

EUR/USD gained 0.2% to trade at 1.2129.


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