Optimism drove the markets higher - Tuesday Review, November 10

By: Miguel A. Rodriguez

11:29, 11 November 2020

While some markets focused on the earnings season, others praised Pfizer’s vaccine

The US

The vaccine’s effect on the markets started to wear off. Also, the new devices from Microsoft and Apple didn’t stir things up. The USA30 gained 0.9%, while USA500 lost 0.11%. TECH100 fell 1.37%.

Gold went up 1.2%, trading at $1,876.40 per ounce.

Oil climbed 0.9% at $40.64 per barrel. Brent oil closed 1% higher at $42.84.


Asia and Australia

Despite the disappointing figures for last month’s Consumer Price Index (CPI) and Producer Price Index (PPI), the benchmarks closed in the green.

HongKong45 rose 0.90%.

Japan225 went up 0.66%after prime-minister Suga instructed the cabinet to put together a new stimulus package to help the country’s battered economy.

Down under, Australia200 traded 0.59% higher.



The markets closed predominantly higher, some of them keeping the optimism induced by Pfizer’s COVID-19 vaccine announcement. Germany30 closed 0.4% lower. France40 and UK100 went up 0.7% and 0.4%, respectively.

EUR/USD traded at 1.1835 after gaining 0.2%.

Sources: investing.com

Share this article

The information presented herein is prepared by CAPEX.com/eu 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.