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Stocks retreat from rally ahead of the Federal Reserve meeting - Thursday Review, August 26

Miguel A. Rodriguez
Miguel A. Rodriguez
27 August 2021
The forthcoming US Federal Reserve symposium keep investors on their toes

The US

Wall Street closed lower, with stocks in consumer discretionary, technology, financials among the biggest losers. Now, investors are waiting for the annual Federal Reserve Jackson Hole policy symposium on Friday. USA30 fell 0.54%, while USA500 lost 0.58%. TECH100 dropped 0.64%.

Crude oil settled down at $67.42 a barrel after it lost 1.4%.

Gold gained 0.15%, trading at $1,792.20 per ounce.

The Dollar Index was up 0.25%.


Asia and Australia

Markets were down, with China’s regulatory tightening for private industries clouding investor sentiment.

Japan225 fell 0.06%.

HongKong45 lost 0.24%.

Down under, Australia200 traded 0.39% lower.



Shares ended lower after data showed faltering German consumer morale amid rising COVID-19 cases. Germany30 dropped 0.4%, marking its lowest level in a week. France40 and UK100 declined 0.2% and 0.4%, respectively.

Brent oil lost 1.6%, reaching $71.07 per barrel.

EUR/USD was down 0.09% to 1.1760.



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. 

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