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Most markets were unbothered by the chaos at the Capitol - Thursday Review, January 7

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Miguel A. Rodriguez
Miguel A. Rodriguez
08 January 2021
Additional stimulus relief hope led most markets higher

The US

USA30 rose 0.86%, while USA500 added 1.64%. TECH100 traded 2.67% lower. The increases came as the markets were expecting Democrats to target further fiscal stimulus, switching focus from Wednesday’s riot on Capitol.

Crude oil went up 0.9% to $51.09 per barrel.

Gold added 0.7% trading at $1,921.50 per ounce.

The Dollar Index was up 0.32% at 89.785.

 

Asia and Australia

Japan255 rose 1.84% even though the country was expected to declare a state of emergency for Tokyo and multiple adjacent prefectures. The end of the state of emergency is set to end on February 7.

HongKong45 lost 0.02%.

Down under, Australia200 added 1.76% as the country’s national cabinet will meet Friday, one month ahead of schedule, according to Prime Minister Scott Morrison.

USD/JPY traded at 103.34 after it went up 0.29%.

 

Europe

The stocks closed mainly higher, as they focused on the possible additional fiscal US stimulus package as the Democrats won in the Senate. Germany30 closed 0.63% higher, hitting an all-time high. France40 went up 0.4%, while UK100 lost 0.3%.

Brent oil closed at $54.64 a barrel after it gained 0.6%.

EUR/USD slipped 0.4% to 1.2282.

Sources: reuters.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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